DEPARTMENT: Parks, Facilities, and Fleet Management
FILE TYPE: Consent Action
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Authorization To Acquire Fiduciary Services Of Minnesota Inc. Trust Property In Lebanon Hills Regional Park And Amend 2024 Parks Capital Improvement Program Budget
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RESOLUTION
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WHEREAS, Scott Grohoski (Grohoski) has lived in a 1 1/4 story, 900-square foot house built in 1915 on a three-acre property located within Lebanon Hills Regional Park (LHRP) in the City of Apple Valley for many years; and
WHEREAS, County staff has been working with Grohoski for more than ten years to help him achieve his goal of continuing to live on the property as long as he is able while ensuring that the property would be added to LHRP; and
WHEREAS, in 2022, the Fiduciary Services of Minnesota, Inc., Trust (Trust) became the property owner to protect Grohoski's financial security and facilitate his wishes to add the property to LHRP; and
WHEREAS, an independent appraisal of the Trust property, including a life estate analysis, was completed, reviewed, and approved by County staff valuing the property at $380,000 and valuing a 20-year life estate at $260,000; and
WHEREAS, the existing house on the property has virtually no market value due to age and condition and requires an estimated $55,000 to make necessary repairs and upgrades; and
WHEREAS, Grohoski desires to continue residing on the property after sale of the property to the County under an indeterminant-term lease agreement with the County; and
WHEREAS, the Metropolitan Council determined that any lease longer than ten years would make the project ineligible for Acquisition Opportunity Fund (AOF) funding; and
WHEREAS, Grohoski, the Trust, and the County are agreeable to lease-back arrangement with an $800 per month lease rate as established by methodology quantified in the appraisal with no pre-determined termination date; and
WHEREAS, the lease payments would be deposited in a dedicated property stewardship fund in...
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