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I <br />June 10, 2015 <br />Amanda Othoudt <br />Econornic Development Director <br />City of Elk River <br />13065 Orono Parkway <br />Elk River,N4N 55330 <br />RE: City owned property I-]Nvy 10&Joplin SE Comer <br />City of Elk River: <br />We are pleased to present an offer to purcluise the attached referenced properties for site asserriblage & <br />development. <br />Purchaser:Ebert Coustruction <br />233541 County Road 10 <br />Corcoran,NN 55357 <br />Phone 763-498-7844 <br />Seller: City of Elk River <br />A Minnesota Municipal Corporation <br />13065 Orono Parkway <br />Elk River,MN 55330 <br />Phone 763-635-10(10 <br />Property-, Approxiniatelv 88.000 square of land, net of roads and easernents, located at the SE <br />corner of Hwy 10 and Joplin St (Legal to conform), Site sketch attached, <br />Purchase Price: MD by appraisal prepared by city <br />The Purchase Price will be adjusted to reflect the actual square footage as determined by <br />survey provided by Seller. <br />AMMOMM