06-12-2008 Park Commission Meeting

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Sandy Peine From: leake5 @charter.net Sent: Monday, May 19, 2008 12:41 PM • —To: speine©pequotlakes-mn.gov Cc: leake5 @charter.net Subject: Proposed Property Donation I 'm not sure my computer sent the whole message, so I ' ll revise and shorten it: Background: Lester and Marcella Gildner purchased the four lots we've discussed to build on, but due to Les's health couldn' t do that. Les has passed away, and I 've ended up with the lots. Motivation: If I can donate the lots in Les 's memory during Marci ' s lifetime, I think it would give her satisfation. She is 87, and while in good health it would be better to do this sooner than later. Conditions: None other than following. 1 . The donation needs to be accomplished during Marci 's lifetime to fulfill my purpose in making it. If the City defers developing the property for its use, thats no problem. 2 . There needs to be a plaque (I 'm happy to pay for it) along the lines of "Gildner Park" , or "Donated in Memory of Lester Gildner by His Loving Wife" . This should be a least nailed to a tree so Marci can see it if she can make the trip. 3 . The City should send Marci a letter expressing appreciation for the donation in Les's memory, and indicating the property will be put to a public use -- neighborhood park, or whatever the City deems appropriate. 1. Conveyance will be by quit claim deed. Your attorney will find title straight `'foreward, and I can furnish an abstract to be updated. 5 . The City should give me a letter indicating the value of the donation. If I 'm able to realize any tax benefit I can then distribute it to Marci's grandchildren as a gift from her. Determine value as you will, but I note the tax appraisals include market value and I can furnish copies if you don' t have them. Please let me know the City's decision at your earliest convenience, and thanks again for your thoughtful call. Bst Rgds. Tom. 1