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Plowshares letter 5-31-05 PLOWSHARES DEVELOPMENT, LLC DL{ - ~ May 31,2005 Todd Gerhardt, City Manager City of Chanhassen 7700 Market Blvd PO Box 147 Chanhassen, MN 55317 "'f!~IVl=n JUN 1 ¿UG5 CITY Of CHANHASSEN Dear Todd, Enclosed is a Noncash Charitable Contributions Foml #8283 that we would like you to fill out and sign where indicated. This is for the property located at Outlot A of Pinehurst, Chanhassen, MN that we donated to the City of Chanhassen. Please retum the original copy to us upon completion. If you have any questions, you can reach me at (952)361-0832. Sincerely, fA-·_..··_·P"~ {:;;;(fjëç¡·t'i12;} Lisa Fails In the business of buying, selling, and develoPing land. Form 8283 (Rev. October 199B) Noncash tharitable Contributions OM9 No. 1545-0908 Department of the TreaSUl)/ In!emaJ Revenue Service Name{s} shown on your income tax retum ~ Attach to your tax return if you claimed a total deduction of over $500 for all contributed propeny. ~ S.ee separate instructions. Attachment Sequence No. 55 Identifying number Note: Figure the amount of your contribution deduction before completing this form. See your tax return instructions. Section A-List in this section only items (or groups of similar items) for which you claimed a deduction of $5,000 or less. Also, list certain ublicl traded securities even if the deduction is over $5,000 (see instructions). Information on Donated Pro -If ou need more s ace, attach a statement. 1 (a) Name and address of the donee organization (b) Description of donated property A Plowshares Development, LLC, 1851 Lake Drive West, Suite 550 Chanhassen. MN 55317 Outrot A Pinehurst, Carver County, MN. B C D E 'Ou claimed as a deduction for an item is $500 or less, 'Ou do not have to com lete columns (d), (el. and (t). 4126/05 (d) Date acquired by donor (mo., yr.) 2/16/05 (e) How acquired by donor Purchased (I) Donor's cost or adjusted basis 756,589 00 (g) Fair market value (1"1) Method used to determi"é the fair market value 980,000 00 Appraisal Other Information-CompJete line 2 if you gave less than an entire interest in property listed in Part I. Complete line 3 if conditions were attached to a contribution listed in Part I. 2 It during the year, you contributed less than the entire interest in the property, complete lines a-e. a Enter the letter from Part I that identifies the property ~ A . If Part II applies to more than one property. attach a separate statement. b Total amount claimed as a deduction for the property listed in Partl: (1) For this tax year ~ (2) For any prior tax years ~ c Name and address of each organization to which any such contribution was made in a prior year (complete only if different from the donee organization above): Name of charitable organization (donee) 980,000 Address (number, street, and room or suite no.) City or town. state. and ZIP code d For tangible property, enter the place where the property is located or kept ~ Carver County, MN e Name of any person, other than the donee organization. having actual possession of the property ~ 3 If conditions were attached to any contribution listed in Part t answer questions a - c and attach the required statement (see instructions). a Is there a restriction, either temporary or permanent, on the donee's right to use or dispose of the donated property? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Did you give to anyone (other than the donee organization or another organization participating with the donee organization in cooperative fundraising) the right to the income from the donated property or to the possession of the property, including the right to vote donated securities, to acquire the property by purchase or otherwise, ana designate the person having such income, possession, or rightto acquire? c Is there a restriction limitin the donated ro rt for a articular use? . . . . . . . . . . . Yes tI' tI' For Paperwork Reduction Act Notice, see page 4 of separate instructions~ Cat No. 62299J Form 8283 (Rev. 10-98) Form 8283 (Rev: 10-98) Name(s) shown on your income tax return pagËi'2- Identifying number Section·B-Appraisal Summary-List in this section only items (or groups of similar items) for which you claimed a deduction of more than $5,000 per item or group. Exception. Report contributions of certain publicly traded securities only in Section A. If you donated art, you may have to attach the complete appraisal. See the Note in Part I below. IDII Information on Donated Property-To be completed by the taxpayer and/or appraiser. 4 Check type of property: o Art' (contribution of $20,000 or more) 0 Real Estate 0 Gems/Jewelry o Art' (contribution of less than $20.000) 0 Coin Collections 0 Books "Art includes paintings. sculptures. watercolors, prints. drawings. ceramics. antique furniture. decorative arts, manuscripts, historical memorabìlia, and other similar objects. Note: If your total art contribution deduction was $20,000 or more, you must attach a complete copy of the signed apþfäfSaI. .see instructions. o Stamp Collections o Other textiles, carpets, silver, rare 5 (a) Description of donated property Qf you need (b) If tangible property was donated. give a brief summary of the overall (e) Appraised fair more space, attach a separate statement) physical condition at the time of the gift market value A Outlot A Pinehurst Excellent 980,000 00 B C . D (eI) Date acquired (e) How acquired (I) Donor's cost or (g) For bargain sales, enter See instructions by donor (mo.. yr.) by donor adjusted basis amount received (h) Amount daimed as a (i) Average trading price deduction : of securities A 2/16/05 Purchase 756.589 00 980,000 00 . B C D __ _______n__ ___,_.. . " Taxpayer (Donor) Statement-List each item included in Part I above that the appraisal identifies as having a value of $500 or less. See instructions. I declare that the following item(s) included in Part I above has to the best .of my knowledge and belief an appraised value of not more than $500 (per item). Enter identifying letter from Part I and describe the specific item. See instructions. ~ Signature of taxpayer (donor) ~ ~. - Date ~ '5.1"1. .05 Declaration of A raiser I declare that I am not the donor. the donee, a party to the transaction in which the donor acquired the property. employed by, or related to any of the foregoing persons. or married to any person who is related to any of the foregoing persons. And. if regularly used by the donor. donee. or party to the transaction, I performed the majority of my appraisals during my tax year for other persons. Also. I declare that I hold myself out to the public as an appraiser or perform appraisals on a regular basis; and that because of my qualifICations as described in the appraisal. I am qualified to make appraisals of the type of property being valued. I certify that the appraisal fees were not based on a percentage of the appraised property value. Furthermore. I understand that a false or fraudulent overstatement of the property value as described in the qualified appraisal or this appraisal summary may subject me to the penalty under section 6101 (a) (aiding and abetting the understatement of tax liability). I a rm that I have not been barred from presenting evidence or testimony by the Director of Practice. Sign Here 1- c97... 0 ,/ I:mI!I Donee Acknowledgment-To be completed by the charitable organizatìon. This charitable organization acknowledges that it is a qualifi rganization under section 170(c) and that it received the donated property as described in Section B. Part I, above on '" "'L. (Date) Furthermore, this organization affirms that in the event it sells, exchanges, or Dtherwise disposes of the property described in Section B, Part I (or any portion thereof) within 2 years after the date of receipt, it will fife Form 8282, Donee Information. Return. with the IRS and give the donor a copy of that form. This acknowledgment does not represent agreement with the claimed fair market value. . Does the or anization intend to use the prop for an unrelated use? . . . . . . . . . . . . '" 0 Yes ŒrNo Name c~ta~eTti nldonee) . ~e.- Em4i~885~3 ~7~ssd~m~~~r1i~~t:te?O. i3&~)( 14/ c~~~~ï:an~~:ode ¡t1N- TrtJë. ,=1 G> 553/7 Date {)Q, 102./ 0'5 CITY OF CBANIBSSEN 7700 Market Blvd. P.O. Box 147 Chanhassen, MN 55317 General Phone: 952-227-1100 Administrative Fax: 952-227-1110 Bldg/lnspections Fax: 952-227-1190 Engineering Fax: 952-227-1170 Park/Recreation Fax: 952-227-1110 Planning Fax: 952-227-1110 Public Works Fax: 952-227-1310 Recreation Center Fax: 952-227-1404 Web Address: JIIJIIJII.ci.chanhassen.11l1l.11s FAX COVER SHEET Date: June 1, 2005 Company: Campbell Knutson Attention: Roger Fax Number: (651) 452-5550 Sent By: Robert Generous, Senior Planner Direct Dial No: 952-227-1131 Sending 4 pages, including cover page. o [g] o [g] Please find the information you requested Please review and call me Please call to confirm receipt of this fax Is it OK to sign. We have requested a copy of the appraisal. A condition of the final plat was that the developer donate the property. Outlot A will be used as permanent open space. If you do not receive all pages, or are experiencing other problems in transmission, please call the sender at his or her direct dial number.