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