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12 -27 -2000 10:44AM FROM SWEENEY LAW FIRM 22 -4E289 P.2 <br />Thomas M. Sweeney <br />George F. Borer <br />Patrick J. Sweeney <br />Robin D. nanny <br />Michael J. Badka <br />Sweeney, Borer & Sweeney <br />' Professional Associa:ton <br />Attorneys at Law <br />• Sulte 1200 . <br />386 North Wabasha Street <br />:St. Paul, Minnesota 55102 <br />December 29, 2000 <br />VIA FACSIMILE AND U.S. MAIL <br />Mr. Joel It Hanson <br />City Administrator <br />515 Little Canada Road <br />Little Canada, MN 55117 <br />RE: Precision Landscape and Tree <br />Exclusive Option Agreement <br />Our File No. 8678 <br />Dear Joel: <br />Telepbone <br />(651) 222.2541 <br />Facsimile <br />(651) 223S269 <br />I am in receipt of and have reviewed a copy of the Phase II Environmental Site <br />Assessment which was prepared for Precision Landscape and Tree relative to the Schreier <br />property. As you know, the Phase II indicates some environmental contamination exists on' the" <br />"' <br />site. Thus, even though the Phase II does not recommend any remediation, the City would incur <br />risk in acquiring the property if the environmental issues are not adequately resolved: <br />Therefore, as we discussed, we have prepared a proposed Exclusive Option Agreement <br />between the City of Little Canada and Precision Landscape and Tree. This Agreement would <br />give the City an exclusive right to purchase the,property if the property is not developed <br />consistent with the City's wishes, within one year from the date of the Agreement. The Option <br />Agreement would also allow us time to further evaluate the environmental concerns relative to <br />the subject property. Enclosed please find a4raft of said Exclusive Option Agreement. <br />After you have had a chance to review the document, please contact me with any <br />questions or concerns that you may have. <br />Very truly yours. <br />PJS:gc <br />Enclosures <br />& SWEENE'Y • <br />J. Sweeney <br />Page 44 <br />