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6 <br />EXHIBIT 1: OFFER TO PURCHASE REAL PROPERTY <br />SUBMITTAL: To ensure proper identification and handling, submit your offer in a sealed envelope. This <br />Offer must be submitted by 3:00 pm on Thursday, April 1, 2021 to: <br /> <br />City of Lake Elmo <br />Attn: City Administrator <br />3880 Laverne Ave N, Suite 100 <br />Lake Elmo, MN 55042 <br /> <br />Timely delivery of the offer is the sole responsibility of the Respondent. The offer must be submitted by <br />personal delivery or mail. Late offers will not be accepted. All offers shall remain valid for a period of 90 <br />days from the RFP submittal date. The time period may be extended by mutual agreement of the City and <br />the proposer. <br /> <br />TO: City of Lake Elmo <br /> Attn: City Administrator <br /> 3880 Laverne Ave N, Suite 100 <br /> Lake Elmo, MN 55042 <br />_______________________________________, herein called the “Buyer,” hereby offer and agree to <br />purchase the Property known as the former 3M land located east of Ideal Ave and South of CSAH 14, a <br />portion of Tax Parcel ID 16.029.21.24.0002 (the “Property”) from the City of Lake Elmo (“City”) subject to <br />the terms and conditions contained in this Offer and the City’s Request for Proposals dated February 17, <br />2021 at the price set forth below: <br />$__________________ <br />The proposed use of the property will be: ___________________________________________________ <br />____________________________________________________________________________________ <br />How is the property intended to be developed? _______________________________________________ <br />____________________________________________________________________________________ <br />When do you intend to develop the property? _______________________________________________ <br />How much will the proposed development increase the taxable value of the property? _______________ <br />____________________________________________________________________________________ <br /> <br />How many jobs (both permanent and temporary construction jobs) will be created by the proposed <br />development?