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Amended Proposal for Roseville City Park <br />Adjoining Lexart Addition <br />November 5, 1987 <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. <br />(1) Dedication. Mr. Kaufhold, without additional expense, <br />will dedicate to the City of Roseville by deed donation, ten <br />(10%) percent (36,750 square feet) of the total site proper <br />located as shown as Parcel C on the Site plan and incorporated in <br />the area shown as the City Park as Parcel C on the Preliminary <br />Plat. This dedication can occur as ,coon as Mr. Kaufhold has <br />title to said Parcel C from Independent School District No. 623. <br />Closing on that transfer is scheduled for August 1, 1988. This <br />donation, for park purposes, is equivalent to $100,800.00 in <br />dollars on the basis of the undeveloped land value cost to the <br />developer. If the park purpose of the land is discontinued, this <br />land shall revert to developer. <br />(2) Offer for Sale. Further, without expense, Mr. Kaufhold <br />will sell <br />for <br />$157,000.00 $2.72 <br />a square foot to <br />the City of <br />Roseville, <br />as <br />soon as possible <br />v f ter transfer <br />to him from <br />_. <br />Independent School District No. T623, �57,750 square feet of land, <br />being the remaining areaof the 270' x 350' remaining after the <br />10% deduction in (1) above and as shown as Parcel C on the Site <br />