Preliminary Information Regarding  Idlewood Properties, Mound Potential Subdivision of 13-15 Lots

$500,000

OVERVIEW:  Woody Love of Coldwell Banker Burnet, currently has control of major properties that, together with City of Mound´s undeveloped streets and two adjoining properties, offers the potential for 13-15 lots for development. LOCATION:  The land is in a desirable Mound area, walking distance to Lake Minnetonka and a city park. Some of the land is vacant; there is a teardown home on one parcel. ZONING:  There are 2 zones involved, R1 and R2. R1 lots require 10,000 sq. ft. per lot; R2 requires 6,000 for a single family lot or 14,000 for twin home. No rezoning would be necessary if a PUD is pursued. CITY OF MOUND CONTACTS:  Woody Love has had preliminary meetings with the City. Indications are that the City would welcome this project and would vacate city streets to accommodate this. Contacts include: Sarah Smith, City Planner, 952-472-0600 Carlton Moore, Director of Public Works, 952-472-0600 PROPERTIES INVOLVED:  ·        2925 Meadow Lane -- 6,729 sq. ft. -- Anderson ·        5938 Idlewood Road -- 80,430 sq. ft. -- Anderson ·        85 Unassigned  -- 2,614 sq. ft. -- Anderson ·        85 Unassigned  -- 3,397 sq. ft. -- Anderson ·        85 Unassigned  -- 1,771 sq. ft. -- Anderson ·        85 Unassigned  -- 3,525 sq. ft. -- Anderson ·        85 Unassigned  -- 2,697 sq. ft. -- Anderson TOTAL OF ANDERSON PROPERTIES:  101,163 sq. ft.   ·        85 Unassigned -- 10,150 sq. ft. -- Weseman ·        85 Unassigned -- 4,703 sq. ft. -- Pastuck ·        City Roads vacated -- would add additional acreage TOTAL OF OTHER PROPERTIES:  14,853 sq. ft. (does not include vacated roads)   TOTAL OF  ALL PROPERTIES ABOVE:  116,016 sq. ft. (does not include vacated roads)

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