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<br /> <br /> <br />~~~~ c.. <br />'- 't... "l"l~ L~ <br /> <br />--\-0 FE ;;~ . \ q '( <br />~q, <br /> <br />ASSOCIATED <br />D E U E lOP E R S <br />INCORPORRTEO <br /> <br />'\\:\,~ -S tw.L. '\ \ '1- 'f ~ ~~ <br />k-r-c'c:.L ~ EAfCNtD\ /A..TJNt-Y <br />C~IL l ':).. f~). ~.,j. \) <br />\. f 1 \~ <t ~I.U.G:..A:~ <br />tI '?- QJl..._ \ ~~- q {~MotU- <br />, 0 r't' ) <br /> <br />Thursday, June 9, <br /> <br />1994 <br /> <br />M/M Earl Hohlen <br />39 Main Street Northwest <br />Elk River, MN 55330 <br /> <br />RE: Elk River Crossing <br /> <br />Dear Mr. & Mrs. Hohlen: <br /> <br />. <br /> <br />Enclosed please find the proposed agreement for the purchase <br />of your property in Elk River. I apologize for all of the <br />frustration involved in the development of this project. However, <br />I hope this proposal will help to eliminate the uncertainties, <br />clearly address your concerns, and provide you with the highest <br />value possible for your property - and still leave you with the <br />rest of your property on the west side of Highway 169. <br /> <br />I appreciate your frustration over the reduction in total price. <br />However, I sincerely believe that we are utilizing the property <br />to it's highest and best use, and thereby allowing you the highest <br />value for your property. I look forward to working with you in <br />the future. <br /> <br />~~~~~~:;::;.v~===~ <br />~~'~-_..__.- <br /> <br />~ E~C M. Pedersen <br /> <br />EMP:dc <br />enclosure <br />cc: John MacGibbon(w/encl) <br /> <br />. <br /> <br />2500 West County Road 42 BurnsviIle, MN 55337 (612)894-6000 FAX (612)895-1873 <br />