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i <br /> C I T Y O F <br /> INOLAI�] <br /> November 15, 1990 <br /> Mr. Jim Keinath <br /> Circle Pines City Hall <br /> 200 Civic Heights Circle <br /> Circle Pines, Minnesota 55014 <br /> Dear Jim; <br /> Enclosed is a proposed lease regarding the Rice Lake <br /> Estates/Baldwin Park area to the west of lots 1 and 2 , block <br /> 1 in the Rice Lake Estates development. <br /> you' ll notice that we have left open the commencement dates <br /> in paragraph 2 and 3 . This date can be filled in later at a <br /> mutually agreeable time. Also notice that our Park Board <br /> wished the lease agreement to continue for 25 years at the <br /> cost of $1. 00, and that there is a 15 year option to extend <br /> this lease after 25 years. <br /> I have enclosed as much information as we have at this time. <br /> Please notice the specifications for equipment. The tennis <br /> courts would be a standard battery of two with enclosed <br /> fence. As we discussed before, the trail exercise course <br /> would have to be a joint-pay project. We understand that <br /> there might be different trail surfaces and cost share ideas <br /> to be discussed. (ie) there are more exercise stations in the <br /> Circle Pines side of the trail, do we equally share the cost? <br /> Once we have a signed agreement, it is our wish to better <br /> illustrate the concept and present it to our neighborhood <br /> group for input. The ideas may change slightly. We will <br /> forward the finished concept to you. It might be helpful <br /> if you could. forward any demographic information you might <br /> have on the area regarding your side of the City lines within <br /> 1/4 to 1/2 mile. <br /> 1189 MAI I,IN() !_AKf;S. MINN ,<0"!­A 55014 012-464-5562 <br />