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To Whom It May Concern: <br /> I am writing this proposal so that the city and others concerned are aware of the situation of the <br /> property at 641 Main Street. <br /> Plat 405 Village of Elk River Sec. 34 T33N R26W E 56.5 Ft of Lot 2 Blk 4 <br /> This property has two buildings on it attached by a breezeway. 641 is on Main Street and <br /> has(800 Square feet main 400 square feet storage)I have had more than 15 potential rental <br /> customers express interest until they are aware of the unstable situation in the downtown <br /> development. I have not been able to sign a high quality long-term agreement or purchase. <br /> The other building facing the river houses three companies that I am involved with and has 1000 <br /> square feet. My intent was to expand this building to accommodate our growth. We have 5 full <br /> time employees and are growing quickly and are now in need of more storage space within Elk <br /> River. <br /> I have also had 6 parties inquire about selling the property...they also back off when they find out <br /> about the development plan. I but wanted to contact the city/developersbecause it would be in <br /> their best interest to purchase this property. <br /> I am requesting: <br /> • As a tax payer($6200 per year on this property alone) <br /> • From a person that has gone to every meeting in the last two years on this development <br /> and is aware of the negotiations taking place. • <br /> • As a downtown businessman handcuffed in this ongoing negotiations. <br /> • That this property be written into the agreement as the"first property purchased" <br /> as part of the agreement to show a commitment and investment in this <br /> development. <br /> This property could be used as a sales office or this could be the important staging property that is <br /> so badly needed. <br /> Richard Hinrichs <br /> Garage-Toys.com <br /> 641 Main Street, Suite#2 <br /> Elk River,MN 55330 <br /> 1-877-812-0272 toll free <br /> info @garage-toys.com <br /> 707-248-2608 Fax <br /> CONFIDENTIALITY NOTICE: This message is intended only for the person or entity to which it is <br /> addressed and may contain confidential and/or privileged material. Any unauthorized review; use, disclosure <br /> or distribution is prohibited. If you are not the intended recipient, or employee or agent responsible to <br /> deliver it to the intended recipient,you are hereby notified that any dissemination, distribution or copy of <br /> this communication is strictly prohibited.If you have received this communication in error,please contact <br /> the sender immediately and destroy all copies of the original message. Thank you <br />