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Proposal for Roseville City Park Adjoining Lexart Addition <br />Developer Gerald H. Kaufhold submits the following proposal <br />in conjunction with his application submitting a Preliminary Plat <br />for Lexart Addition and requesting rezoning and variance to <br />zoning of the site property most recently known as the Lexington <br />School. Mr. Kaufhold, without additional expense, will dedicate <br />to the City of Roseville by deed donation, ten (10%) percent of <br />the total. site property, located as shown as Parcel C on the Site <br />plan and incorporated in the area shown as the City Park as <br />Parcel C on the Preliminary Plat. This dedication can occur as <br />soon as Mr. Kaufhold has title to said Parcel C from Independent <br />School District <br />No. 623. <br />Closing on that <br />transfer <br />is scheduled <br />for August 1, <br />1988. <br />This donation, <br />for park <br />purposes, is <br />equivalent to $100,800.00 in dollars on the basis of the <br />undeveloped land value cost to the developer. If the park <br />purpose of the land is discontinued, this land shall revert to <br />developer. <br />Further, without expense, Mr. Kaufhold will sell for <br />$125,000.00 to the City of Roseville, as soon as possible after <br />transfer to him from Independent School District No. 623, the <br />four (4) lots shown as Parcel D on the Site Plan and incorporated <br />in City Park in Parcel C in the Preliminary Plat. These four (4) <br />lots, totaling 45,850 square feet are otherwise designated for <br />residential duplexes in the Site Plan and present sales to the <br />developer in excess of $150,000.00. <br />The City of Roseville shall furnish the legal, engineering <br />and administrative services necessary for these transfers. <br />/ , I-11 'e7 <br />