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3. Is your property for sale and what price are you asking? <br />* Yes, $25,000/acre. <br />* Yes, very soft market without sanitary sewer and <br />municipal water. <br />* Yes, land price is negotiable. Freeway frontage is <br />approximately $40,000/acre. <br />* Yes, varies depending on land use and offer. <br />* Yes, as a whole or portions. <br />4. What are your intentions or thoughts for the type of <br />development on your land? <br />* The property is highly visible and is a vocal point <br />location. A corporate headquarters with an employment <br />base. <br />* Office showroom - more industrial employment and less <br />retail. Housing to the northeast. <br />* Commercial west of Helmo and residential east of Helmo <br />Avenue. Maybe commercial east of Helmo. <br />* Mixed uses - PUD - City should be flexible. <br />* Highway business near County Road 13. <br />5. What is your schedule and do you have any buyers or <br />interested parties now? <br />* Would like to sell as soon as possible but no interest <br />because of no sewer and water. <br />* Immediately and yes. <br />* To move forward for annexation. Yes, people are <br />interested but not in working with the City of Lake Elmo. <br />* As soon as possible and yes, with qualifications. Buyers <br />are not interested if the land remains in Lake Elmo <br />because they do not have a development plan. <br />* Yes, some interest in office showroom. <br />6. What do you believe is a reasonable absorption rate for the <br />area? <br />3 <br />Jdf r 1e5 K. r111I, Ir1C. <br />