Three Year Record of Council: Speculation Real Estate “Buy-Up” for Non-Governmental Purposes

Should the City of Maplewood, through its City Manager and its council, be engaged in land speculation and “wheeling and dealing” land purchases, with taxpayer dollars, for non-governmental purposes?

While all of the below information is available as a matter of public record (if you dig in and research the data), the council has been less than forthright about their “spending spree.”

SPENDING SPREE TOTAL: $1,635,095.50 MILLION DOLLARS

SUBSEQUENT TO THIS SPENDING SPREE, the council voted to close the Gladstone fire station.  Additionally, they have de-funded and closed our Maplewood Nature Center after 40 years. It’s like buying caviar and throwing a big party but forgetting to buy milk and eggs to feed the kids.  Look at their track record:

1160 Frost Avenue East, St. Paul, 55109 (vacant land)

  1. May 2017: City purchased property for $250,000 (Market Value $144,500)
  2. Today: City owns property, Market Value currently unchanged at $144,500link-icon-vector-flat-long-shadow-eps-43475501

1160 Frost Ave CRV May 2017

2017 Notice of Value

 

0 Frost Ave East, Maplewood, MN 55109 (vacant land)

  1. July 2017: City purchased property for $59,095.50 (Market Value $23,400)
  2. Today: City owns property, Market Value currently unchanged at $23,400Map of Parcel

0 Frost Ave Parcel CRV July 2017

2017 Market Value

 

 

2494 Harvester Ave. East, Maplewood, MN 55109

  1. Nov 2017: City purchased property for $151,000 (Market Value $150,500)
  2. July 2018: City sold the property to Grant Management, LLC for $105,000 (Market Value $151,400)
  3. Grant Management, LLC was formed August 2017
  4. October 2019: Grant Management sells property for $260,000 to HPA US1 LLC, based out of Chicago, IL
  5. Grant Management, LLC no longer exists and was dissolved by the MN Secretary of State.

link-icon-vector-flat-long-shadow-eps-434755011 2017 Market Value

2 Harvester Property CRV Nov 2017            

3 2018 County Notice of Value

4 City Sale-eCRVId 841980 July 2018             

5 Grant Management LLC

6 Grant Management eCRV sale Oct 2019

7 2019 County Notice of Value

 1375 Frost Ave. E, Maplewood, MN 55109 (Gladstone House)  

  1. October 2018: City purchased property for $275,000 (Market Value $209,800)
  2. Today: City owns property, Market Value currently unchanged at $209,800 minus demotion costs of approximately $75,000

Property

Gladstone House CRV Oct 2018

Building vacant since 2004, requires demolition. Purchase price to City NOT reduced to reflect the costs of demotion.

2018 Market Value

 

 

1946 English St. N, Maplewood, MN 55109 (former Moose Lodge) 

  1. May 2019: City purchased property for $900,000 (Market Value $751.200)
  2. Today: City owns property, Market Value currently unchanged at $751,200 minus demotion costs of $100,000
  3. Demolition Costs:  Ramsey County Assessor estimates cost to raze the structure is 22,104 SF x $4.50/SF = $99,468, rounded to $100,000.More retro clipart at http://www.clipartof.com/
  4. City over-bid to out-bid a private party who offered to purchase the Moose Lodge property for use as a banquet center. City council held a closed meeting to authorize city staff to bid up to 25% over market value.

See and hear: Audio of Closed Meeting Where Council Decides to Buy Moose Lodge & Out Bid Competition

Moose Lodge CRV June 2019

2019 Notice of Value

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