Roseau City Council Minutes 2026-05-04
City Approves Sale of Oak Crest Lot to Padaliya
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Description
The City of Roseau approved a purchase agreement selling Lot 3, Block One in Oak Crest Estates First Addition to Deepak Padaliya for $12,000, with $500 in earnest money. The lot includes $21,500 in special assessments financed over 20 years at 3% interest, and closing is set for July 15, 2026.
Contract Details
Contract Amount
$12,000 purchase price; $21,500 in special assessments payable over 20 years at 3% interest
Vendor
PADALIYA, DEEPAK
Agency
City of Roseau, MN
Contract Type
OTHER
Document Date
May 4, 2026
Contract Term
Closing date July 15, 2026; assessments over 20 years
Renewal Date
2046-07-15
Renewal Info
Special assessments amortized over 20 years at 3% interest beginning after closing.
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