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zz/ (°anaaia <br />MAYOR <br />Bill Blesener <br />COUNCIL <br />Rick Montour <br />Barbara Allan <br />John Keis <br />Michael McGraw <br />515 Little Canada Road, Little Canada, MN 55117-1600 ADMINISTRATOR <br />(651) 766 -4029 / FAX: (651) 766 -4048 Joel R. Hanson <br />www. ci.littie- canada. mn. us <br />MEMORANDUM <br />TO: Mayor Blesener and Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: July 6, 2007 <br />RE: Valor Purchase Agreement <br />Pat Sweeney is working with Valor's attorneys on a purchase agreement. Given the short time frame <br />that wanted for closing, I anticipate this agreement will be ready for Council approval at <br />Wednesday's meeting based upon a purchase price of $640,000. Staff is making arrangements for <br />testing, but we want to be sure we have an agreement before we spend the money on testing. <br />Hopefully, an agreement will be ready for Wednesday's meeting. <br />cc: Pat Sweeney <br />