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aguINT <br /> TOLD <br /> DEVELOPMENT COMPANY <br /> October 12, 1998 <br /> Mayor Duane McCarty <br /> City Council Members <br /> City of Mounds View <br /> 2401 Highway 10 <br /> Mounds View, MN 55112 <br /> Re: Offer to Purchase Property <br /> Mounds View <br /> Dear Mayor McCarty and City Council Members: <br /> I am pleased to present to you this Offer to Purchase the parcel described herein under the following <br /> terms and conditions: <br /> BUYER: Meridian Properties Real Estate Development LLC (d/b/a TOLD <br /> Development Company), its successors and assigns. <br /> SELLER: City of Mounds View. <br /> SITE: The site totals approximately 63,000 square feet located at the corner of <br /> Edgewood Drive and Highway 10, Mounds View, Minnesota. <br /> Site is that area south of the to-be-relocated Edgewood Drive, and is <br /> highlighted on the enclosed site plan. <br /> SITE CONDITION <br /> &INFORMATION: Seller will provide copies of all information relating to the site from Seller's <br /> files including but not limited to surveys, soil conditions, environmental <br /> reports, plans for buildings, specifications, and geotechnical information. <br /> Additionally, Seller will provide Buyer with copies of all agreements with <br /> governmental authorities, easements or other agreements that will affect or <br /> encumber the property before or after a Closing. <br /> PURCHASE PRICE: Buyer agrees to pay the Purchase Price of Three Hundred Fifty Thousand <br /> and NO/100 dollars ($350,000.00). <br /> WEDGWOOD COMMERCE CENTRE • MINNEAPOUS•MILWAUKEE <br /> 6900 Wedgwood Road.Suite 100.Maple Grove. MN 55311 •(6I2)420.9000 Fax(612)420.7574 <br />