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7 <br />LA515-1-859254.v2 <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 p.m. on Thursday, April 13, 2023 to: <br /> <br />City of Lake Elmo <br />Attn: City Administrator <br />3800 Laverne Ave N. <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 /> 3800 Laverne Ave N. <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, <br />Check Option Proposing on: <br />___________ Option One, a portion of Tax Parcel ID 16.029.21.24.0002 (the “Property”) approximately 75 <br />acres in size from the City of Lake Elmo (“City”). <br />____________ Option 2, includes all of the property described in Option One and a portion of Tax Parcel <br />16.029.21.24.0002 and Tax Parcel 16.029.21.23.0003, which totals approximately 176 acres from the City <br />of Lake Elmo (“City”). <br />Circle One: <br />If proposing for Option 2 and the City decides to only consider proposals for Option One, Proposer IS <br />WILLING or IS NOT WILLING (circle one) to be considered for Option One.