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5. Will the building be investment property or owner occupied? How will <br /> ownership of the building be structured? <br /> • Owner will occupy main floor, 2nd story would be leased offices. <br /> 6. What are your expectations of the HRA with regard to the cost of the <br /> land (i.e. market rate, seller financing, etc...)? <br /> • Provide land as inexpensively as possible. <br /> No financing help required. <br /> 60' X 60' lot at 322 King Ave. will be available for sale or <br /> redevelopment. This lot and building is currently owned by Elk <br /> River Municipal Utilities. <br /> Depending upon lease space needs, could construct one story initially, <br /> and second story when demand for lease space needs became evident at <br /> cost effective rates. <br /> Please return this questionnaire by 4:30 pm on Tuesday November 16, 1999 to: <br /> Marc Nevinski, City of Elk River <br /> PO Box 490 - 13065 Orono Parkway <br /> Elk River, MN 55330 <br /> • <br /> Phone: 612-241-5526 Fax: 612-441-7425 <br /> Email: mnevinski@ci.elk-river.mn.us <br />