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RIVERSIDE <br />Riverside Development Company <br />Pioneer Inveshnents, LLC <br />LC Development, LLG <br />March 10, 2009 <br />Planning Department <br />Mr. Jeremy Barnhart <br />City of Ells River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />Re: Intent to Terminate and Release: Development Agreements <br />Dear Mr. Barnhart, <br />ANIES <br />Phoenix Enterprises, LLC <br />CM Points Haldinss, LLC <br />Franklin 1evelopment [nc. <br />Riverside Companies requests that the City of Elk River sign this Letter of Intent to <br />Terminate. and Release the Developer Agreements with the City of Elk River dated <br />August 30, 1994,. recorded August 30, 1994 as Document No. 299486(18} and the <br />Addendum to the Developer. Agreement with the City of Elk River dated October 28, <br />1992, recorded November 13, 1992 as Document I~lo. 269108(14). We ask that the <br />Termination and Release of the above mentioned Developer Agreements be placed on the <br />March 16, 2009 City Council meeting agenda for approval. Please sign and date below in <br />the space provided. Contact me with any questions. Thank you. <br />Sincerely, <br />Edward C. Youngquist <br />Project Manager <br />Elk River -City Planner <br />Elk-River -City Attorney <br />19230 Evans Street NW * Suite .115 • Elk River, MN 55330 <br />.Phone: 763-241-1801 • Fax: 763-241-.1399 <br />