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6 <br />LA515-1-859254.v2 <br />The Lake Elmo Economic Development Authority will review all complete proposals and <br />make a recommendation to the City Council as to which proposal should be selected. <br />B. Purchase Agreement <br />The selected proposer will be required to enter into a purchase agreement with the City for <br />the purchase of the Property. The purchase agreement is subject to the approval of the <br />City Council. <br /> <br /> <br />