HomeMy WebLinkAboutA095 - Letter to Mayor and Council regarding Eastgate Subdivision and Dayton Avenue Cost Allocation dated January 2, 2015 - - - - - - - - - --- - --- -- --- -----
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January 2"d, 2015
Re: Eastgate Subdivision/Dayton Ave Cost Allocation
Dear Honorable Mayor and City Council Members:
As the current owner of the property known as the Eastgate Subdivision (13th& N Dayton Ave)we have
been attempting to sell this property as a whole piece (13 lots)to a real estate developer. One of the
impediments to this happening continues to be the collection of fees associated with the possible future
widening of North Dayton Road.The total amount of$132,720 is due upon the sale or transfer of
ownership.
Since these fees cover a future expenditure that the City has not incurred, we would ask that they be
deferred upon the bulk sale/transfer of the property. The fees would still be due and collected in the
future as the lots are developed by the new owner and would mirror the current fee collection schedule
tied to individual lots.
As we are not real estate developers and would like to divest of this property in one transaction, we
believe the deferment of these fees under this circumstance will help spur the sale and development of
this property, which ultimately will benefit the City. Thank you for this consideration.
Sincerely,
Scott T. Bauer
President