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October 15, 1998 <br /> <br />Mr. Paul Steinman <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br /> <br />Re: Purchase Agreement <br /> <br />Dear Paul: <br /> <br />Please find enclosed, a purchase and commission agreement for the Holt & Jackson site owed by <br />the City of Elk River. While the price that we have offered doesn't meet your asking price, I <br />believe that it's a fair offer based on the amount of useable land that is available to development. <br />Please call me when you get back on Tuesday. We are extremely interested in moving forward <br />with the development of this site. <br /> <br />Sincerely, .~ ~ /----.. <br /> <br />Mark A. Davis <br /> <br />Corporate Real Estate Services <br /> <br />Foshav Tcwcr, Suite 1111 <br /> <br /> · ?[;lr,.l~h:"tC .~\\'t.'lltlu <br /> <br />Minneapolis, Minnesota 55402 <br /> <br /> <br />