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Assessments: Seller shall pay all levied,pending and/or deferred special assessments at Closing. <br /> Assignment of <br /> Purchase <br /> Agreement: Prior to Closing, the Purchaser may assign the obligations of the purchase agreement to <br /> an affiliate of Purchaser provided the assignee has sufficient financial ability to Close on <br /> the Purchase. <br /> Brokerage: No brokers are involved with this transaction. <br /> This letter is intended to be an expression of interest by the parties signing or accepting this letter to the transaction <br /> herein. Notwithstanding anything to the contrary, in no event shall this letter be deemed to be or constitute a <br /> binding contract agreement or other legally enforceable obligation between said persons or entities as to such <br /> matters. Upon signing of this letter agreement, the parties agree to negotiate the terms of a binding purchase <br /> agreement. <br /> Sincerely, <br /> Greg Hayes <br /> VP Real Estate& Development <br /> Purchaser: Seller: <br /> Ebert Construction City of Elk River <br /> By: By: <br /> Its: Its: <br /> Date: Date: <br /> aes : a <br />