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,ia <br /> DERRICK INVESTMENT I O. iv, IN( <br /> • 7301 Ohms Lane, Suite 560 <br /> Edina, MN 55439 <br /> 612-830-1320 <br /> Fax: 612-831-1215 <br /> July 8, 1996 <br /> Steve Ach <br /> City of Elk River <br /> 13065 Orono Parkway; P.O. Box 490 <br /> Elk River, MN 55330 <br /> RE: Elk Run <br /> Dear Steve: <br /> We are proposing to build a variety of four unit one level condominiums for seniors 55 years and older <br /> at Elk Run. Subject to the market demand we will be offering five floor plans: <br /> • • Cambridge - 970 Square Feet consisting of two bedrooms and one bath <br /> • Dartmouth - 1 154 Square Feet consisting of two bedrooms and two baths <br /> • Devonshire - 1 175 Square Feet consisting of two bedrooms, two baths and a kitchen <br /> eating area <br /> • Heatherton - 1412 Square Feet consisting of two bedrooms,two baths,a kitchen <br /> eating area, vaulted living room/dining room with optional sunroom <br /> • Edinborough - 1595 Square Feet consisting of two bedrooms, two baths, a kitchen <br /> eating area, a sunroom and 9 foot ceilings throughout <br /> Prices will start in the$80's for the Cambridge and will go to about$150,000 for the Edinborough. <br /> Enclosed please find floor plans and elevations together with some photographs of some completed <br /> units. I hope you will call if there is anything else you need. <br /> 2.-/1 <br /> Roger Derrick <br /> RD/gw <br /> • Enclosures <br /> ■ <br />