South of the River News

April 27, 2009

Family Fun for Sunday Night!

Filed under: Local Events — Tags: , , — Nichole Fredrickson @ 8:03 am

bowling1 Join us this Sunday, May 3rd at Brunswick Lanes XL in Lakeville, MN for  a night of fun and fundraising! A Race Worth Winning – ALS is hosting “A Strike Against ALS” from 5-7pm. You get 2 hours of unlimited bowling and proceeds from the entry fees goes to A Race Worth Winning – ALS to help Minnesotans with Lou Gehrig’s disease. The cost to participate for adults is $25.00, and only $15 for those under 18 years. Your entry cost includes lane fees, shoes and $5 in game tokens for the arcade at Brunswick! Go to www.aRaceWorthWinning.org for registration forms. Be there at 4:45 so you can get all set and still get your 2 hours of bowling in. We look forward to seeing you there!

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January 12, 2009

Cap X2020 to Run Through Southern Metro

Filed under: Local Events — Tags: , , — Nichole Fredrickson @ 9:00 pm

I was one of the lucky 73,000 landowners to receive notice that the Cap X2020 project may impact my land. Nearly 3,000 landowners in Scott, Rice, Dakota and LeSeuer counties alone received letters.

What is Cap X2020? It is a collective effort between the Northern States Power Company and Great River Energy. This includes Xcel Energy. Their plan is to run a power line from Brookings, South Dakota across Minnesota to Hampton. It is proposed to be a 345 kilovolt transmission line.

Its purpose is to ”expand the electricity infrastructure to ensure continued reliable service, meet the growth in electricity demand and support renewable energy expansion” per the route permit application.

Homeowners in Lakeville, Elko New Market, New Prague and Lonsdale – listen up. This could very easily effect you!

Per their proposed map, there is a preferred route and an alternate route to the plan. The preferred route will run from Brookings, through Minneota, go up and have a substation in Granite Falls, come back down to the Lyon County substation, east toward Seaforth, Franklin, Winthrop, through a substation in Helena, up through New Prague, east through Elko New Market, (just on the southern edge of Lakeville, then over to Hampton. The alternate route would run through many of the same substations, but mainly be put just north of the preferred route. The alternate route would run through Redwood Falls, east to Belle Plaine, cut south to New Prague, Lonsdale, and then northeast through Elko New Market, stopping at a Lake Marion (Lakeville) substation before ending up in Hampton.

The letter received was very vague, tip-toing around the impact that it would have on the land it ran through and the price it is willing to pay to have right-of-way on your land. It simply states that it would resemble a utility easement. Interviews with Star Tribune say it will be a 150 foot-wide-easement. One sentence later, the application notice mentions that land owners that do not cooperate may be subject to eminent domain laws in accordance with the applicants authority under Minnesota Statutes Chapter 117.

The letter is dated December 29th, and mentions that within 60 days the application process is considered complete and that public hearings will follow. At those meetings, any member of the public may speak, and may even propose additional routes for consideration.

For more information, please visit the site they provided at http://energyfacilities.puc.state.mn.us/

I will keep you updated as to any new information as it becomes available.

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December 18, 2008

Elko New Market Housing Affordability Index

Filed under: Real Estate Terms — Tags: , , , , , — Nichole Fredrickson @ 6:22 pm

 The experts agree, now is the time to buy. With the decline in mortgage interest rates last month to the five percent range, and now dropping even more, getting a mortgage is completely affordable. On top of historically low mortgage interest rates, the ‘median sales price’ of home in the south metro area is about 20 percent less than this time last year. That is now the lowest since the last quarter of 2001!!! Those two factors combine to make an extremely attractive housing affordability index. According to the Minneapolis Area Association of Realtors, the HAI (Housing Affordability Index) rose nearly 28 points from last December in the Elko New Market and Lakeville areas. That means the HAI is at 180, the highest point in the last 9 years.

When the HAI is up, that symbolizes a ‘good buy’ for buyers. Even though we have been experiencing a ‘buyers market’ for a couple years now, today is the best time to buy.  If you have been waiting for the perfect time to buy your new home, it is GO TIME. With a wide inventory in Elko New Market, Lakeville, Farmington and other areas of Scott and Dakota Counties, you will find just what meets your needs. Feel free to contact me at Nichole@NicholeFredrickson.com for more information.

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