5.6. SR 07-24-1995~ ~\
rty of
lk~ River
**Item 5.6.**
MEMORANDUM
TO: Mayor & City Council
FROM: Pat Klaers, City Administ ator
DATE: Jul 24, 1995
Y
SUBJECT: East Elk River Benefit Study Quotation
During the June 26, 1995, City Council worksession on the east Elk River
public improvement project, some discussion took place regarding the need
for a benefit study for this project area. In this regard, the city engineer and
I met with Mike Amo of St. Cloud Appraisals, Inc., in order to discuss the
scope of the public improvement project and to obtain a quotation from him to
do a benefit study or appraisal for this area. The city and county used Mr.
Amo's services for the purchase of 1.8 acres for the extension of Orono Road
through the fairgrounds. The county and the city both found Mike's work to
• be acceptable and the city feels comfortable using this firm for this east Elk
River benefit study. The benefit study is for future residential properties
along County Road 12 as well as for the East Highway 10 commercial and
industrial corridor.
Attached for your review is the quote from Mr. Amo for his services for this
east Elk River benefit study. This benefit study is necessary in order to help
determine the maximum assessment rate per acre for trunk utilities that can
be justified and substantiated in court.
Recommendation
Staff recommends approval of the quote in the amount of $4,200 for services
from Mike Amo of St. Cloud Appraisals, Inc., to complete a benefit study for
the east Elk River public improvement project.
• council:ehwylOgt
13065 Orono Parkway • P.O. Box 490 • Elk River, MN 55330 • (612) 441-7420 • Fax: (612) 441-7425
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11111„~~ Real Fslale Appraierale
~~~~~ ~~ST. CLOUD APPRAISE
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INC.
Suite 101 • Roosevelt Office Park • 606 South 25th Ave. • St. Cloud, MN 56301
Phone (612) 253-4488 • FAX (612) 253-8124
Mike Amo, RES
President
Thomas W. Montreuil, SRA
Vice-President
July 13, 1995
~'ir. Patrick D. Klaers
City Administrator
13065 Orono Parkway
P.O. Box: 490
Elk River, MN 55330
Connie M. Hentges
Appraisal Coordinator
Sharon R. Wiebke
Associate
Kurt L. Dayton
Associate
Re: Re-Quote of Fee, Benefit Study, U.S. Highway #10 Corridor
East, Elk River, Minnesota.
Dear Mr. Klaers:
As you requested today, I have calculated the fee necessary for me
to complete a study. Specifically, I would estimate the value
benefit to real estate due to the addition of certain city
services, versus the value of real estate lacking the city services
amenity.
I estimate that the fee would not exceed $4,200, and would include
a meeting with the council to explain the results of the study.
The assignment should be completed shortly after Labor Day, 1995.
I look forward to the opportunity of working for the city, and if
I may be of assistance in other matters, please contact me.
Sincerely,
~~
e Amo, RES
President
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