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DECKLAN <br />812 Main Street NW - Suite 250 " Elk River, MN 55330 " www.decklanaroup.com <br />13 November 2014 <br />City of Elk River <br />ATTN: Jeremy Barnhart <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />RE: Letter of intent to purchase Lots 1 & 2, Block 1 of Nature's Edge Business Center, 9.85 buildable acres <br />Dear Mr. Barnhart, <br />As you know, GATR Truck Center has hired Decklan Group, an economic development consulting firm to work with <br />them and all government entities as the business moves forward to locate their project in Elk River. We would like to <br />acquire Lots 1 & 2, Block 1, of Nature's Edge Business Center; the northern portion of PID 75- 820 -0020. 1 have attached <br />a site map depicting the two sites. <br />On October 31, 2014, GATR Truck Center owner Bob Neitzke and I met with you and City Engineer Justin Femrite to <br />discuss this project and solicit staff comments regarding GATR's proposed development. Based on our discussions, <br />staff's comments were favorable, and we look forward to moving ahead with this project. <br />The purpose of this letter is to document our intent to purchase the two properties at $2.00 square foot for the <br />buildable area; this equates to a total of $858,132. <br />We ask that the City does not initiate or carry on negotiations for the sale of the property with any party other than <br />GATR Truck Center at this time. We are interested in entering into a formal purchase agreement on this property, <br />contingent upon receiving approval on all applicable land use and zoning applications required. <br />Please let us know what you need from us to move forward with drafting the purchase agreement. We will also be <br />pursuing applicable financial programs as well. <br />If you have any questions, please contact me at 763 - 568 -9498, or annie @decklangroup.com. <br />We appreciate your time. <br />Annie Deckert <br />Decklan Group <br />Attached: NEBC Site Map <br />Robert Neitzke <br />GATR Truck Center <br />