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CASS COUNTY <br /> GOVERNMENT <br /> Auditor <br /> December 11, 2013 <br /> Michael Montplaisir,CPA <br /> 701-241-5601 <br /> Board of County Commissioners <br /> Treasurer Cass County Government <br /> 211 9th Street South <br /> Charlotte Sandvik Fargo ND 58103 <br /> 701-241-5611 <br /> Re: Oxbow Land Purchase <br /> Director of <br /> Dear Commissioners: <br /> Equalization <br /> As part of the Oxbow levy the Diversion Authority has agreed to finance the land <br /> Frank Klein needed for the levy, replacement lots, and golf course relocation. The closing for the <br /> 701-241-5616 land is scheduled for Monday, December 16th. The estimated purchase cost is <br /> $7,444,250 with the normal 45/45/10 split for cost. On Thursday, December 12th, <br /> the county will ACH $3.8 million to Fargo, and Fargo will handle the closing on <br /> Monday. The funds sent are over 45% to account for some refinement of the <br /> acreage and to cover 50% of the Minnesota share. Any difference will be adjusted <br /> on the next Diversion billing from Fargo. <br /> Also, on the agenda is a drawdown request for the State Water Commission to <br /> request matching funds from them for the land purchase. <br /> Sincerely, <br /> // ' <br /> Michael Montp.laisir, CPA <br /> Cass County Auditor <br /> SUGGESTED MOTION: <br /> Move to approve the payment of Cass County's share of the Oxbow land purchase <br /> and 50%of the Minnesota share of the purchase. <br /> Box 2806 <br /> 211 Ninth Street South <br /> Fargo, North Dakota 58103 <br /> Fax 701-241-5728 <br /> www.casscountynd.gov <br />