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Precision Tree Service <br />September 8, 1999 <br />Page 2 <br />As you know, the City hired a competent real estate appraiser who appraised your property. In <br />addition, a review appraisal of your property has also been conducted. Please be advised that <br />subsequent to said appraisal and review appraisal, the City of Little Canada has established just <br />compensation for your property at $162,500.00. <br />The City of Little Canada hereby submits to you an offer to purchase the above - referenced <br />property for the amount of $162,500.00. This offer does not cover any interest in your property <br />held by any tenants. <br />You have until the close of business on Wednesday, September 15, 1999 to respond to this offer. <br />If you have any questions, or would like to discuss this matter further, you may contact me at <br />651- 484 -2177. <br />Sincerely, <br />Joel R. Hanson <br />City Administrator <br />JRH:kpp <br />Page 37 <br />