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DOHERTY <br />RUMBLE <br />& BUTLER <br />I'ROFE.C, SIOXA L ASSOCIATION <br /> <br />respects, if you reverse the role of the private and public entities in this document, you have the <br />beginning of what you seek to accomplish in Elk River. <br /> <br />You have asked that I assist the EDA in approaching the Owners to ascertain whether it is possible <br />to arrive at a contract document which addresses the above-listed issues. I would be pleased to do <br />so. My experience in Fridley arrangement, as well as my current representation of the St. Paul Port <br />Authority in sale of its many industrial parcels may prove beneficial in these negotiations. <br /> <br />I would expect that we could ascertain whether achieving such a contractual arrangement would be <br />possible after two or three meetings with the Owners. Preparatory to those meetings, we should <br />work harder at identifying a more complete list of issues and the manner in which we wish to suggest <br />they be approached. If we assume that each of the meetings will be separate meetings with the <br />individual Owners and it requires two meetings each, I would estimate the following possible costs <br />for my time: <br /> <br />Three meetings, 3 hours each, times two = 18 hours <br /> <br />Consultation and analysis = 10 hours <br /> <br />Total: 28 hours times $135.00 = $3,780.00 <br /> <br />I have not included any time for drafting the document, since it is premature to speculate whether the <br />EDA will reach that point. If and when it does, then I will provide an estimate for drafting and <br />assistance in negotiating the actual document. The enclosure gives some hint that there may be <br />efficiencies in drafting based on prior experience. <br /> <br />If you have questions or comments, please call. If necessary, I would be pleased to refine this <br />memorandum after your review of it should you wish to provide some version of it to the members <br />of the EDA. ~ <br /> <br />cc: Peter Beck <br /> <br />BeckPS18443.1 2 <br /> <br /> <br />