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A ' <br /> CLOSURE STATEMENT <br /> • FOR <br /> ELK RIVER TERRACE MOBILE HOME COURT ("PARK") <br /> December 4 , 1997 FIL <br /> �Q <br /> Dear Bryan Doering: <br /> This Closure Statement provides information we have gathered regarding the <br /> availability, location and potential costs of replacement housing within a twenty-five (25) <br /> mile radius of the Park, and relocation costs. As you know, we have sold the Park and the <br /> Park will close following compliance with the terms and conditions of Minnesota Statutes <br /> § 327C.095. A copy of this Closure Statement will also be submitted to the City of Elk <br /> River. <br /> As previously stated, the entire Park will be converted to a mixed-use commercial <br /> development and there will be no lots available and none of the Park will be operational. <br /> Attached hereto as Exhibit A, is a list we compiled of mobile home parks within <br /> twenty-five (25) miles or so of the Park. There are 46 parks on the list and the range of <br /> • monthly rent of the listed parks is $170 to $320. The exhibit also identifies, as of today's <br /> date, whether there are any available lots in the listed parks. Availability will change, so <br /> you should call the parks to obtain updated information. Where available, security deposits, <br /> application fees and other park charges are noted. <br /> As far as relocation costs, Bridgestone Enterprises, Inc. has given us the following <br /> estimates: <br /> (i) For 12' X 60' Homes: <br /> a. Transportation (0-25 miles) $275.00 <br /> b. Teardown $125.00 to $175.00 <br /> c. Build up and sewer line <br /> installation $475.00 <br /> d. Skirting $200.00(+ materials) <br /> (ii) For 14' X 70' Homes: <br /> a. Transportation (0-25 miles) $300.00 <br /> b. Teardown $150.00 to $200.00 <br /> c. Build up and sewer line <br /> installation $500.00 <br /> • d. Skirting $225.00(+ materials) <br />