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DOHERTY <br /> RUMBLE <br /> & BUTLER <br /> -ROFESSIONAL ASSOCIATION <br /> respects, if you reverse the role of the private and public entities in this document, you have the <br /> beginning of what you seek to accomplish in Elk River. <br /> You have asked that I assist the EDA in approaching the Owners to ascertain whether it is possible <br /> to arrive at a contract document which addresses the above-listed issues. I would be pleased to do <br /> so. My experience in Fridley arrangement, as well as my current representation of the St. Paul Port <br /> Authority in sale of its many industrial parcels may prove beneficial in these negotiations. <br /> I would expect that we could ascertain whether achieving such a contractual arrangement would be <br /> possible after two or three meetings with the Owners. Preparatory to those meetings, we should <br /> work harder at identifying a more complete list of issues and the manner in which we wish to suggest <br /> they be approached. If we assume that each of the meetings will be separate meetings with the <br /> individual Owners and it requires two meetings each, I would estimate the following possible costs <br /> for my time: <br /> Three meetings, 3 hours each, times two = 18 hours <br /> Consultation and analysis= 10 hours <br /> Total: 28 hours times $135.00 = $3,780.00 <br /> I have not included any time for drafting the document, since it is premature to speculate whether the <br /> EDA will reach that point. If and when it does, then I will provide an estimate for drafting and <br /> assistance in negotiating the actual document. The enclosure gives some hint that there may be <br /> efficiencies in drafting based on prior experience. <br /> If you have questions or comments, please call. If necessary, I would be pleased to refine this <br /> memorandum after your review of it should you wish to provide some version of it to the members <br /> of the EDA. <br /> //,‘ ' <br /> cc: Peter Beck <br /> BeckP 518443.1 2 <br />