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DEC-02-98 WED 13:59 EVERGREEN LANDSERVICES FAX NO, 9350862 P. 02 <br /> EVERGREEN LAND SERVICES CO. <br /> 6110 BLUE CIRCLE DRIVE,SUITE 140 <br /> MINNETONKA,MN 55343 <br /> Office(612)-930-3100 Fax(612)-935-0862 <br /> December 1, 1998 <br /> Mr. Rick Jopke <br /> Community Development Director <br /> City of Mounds View <br /> 2401 Highway 10 <br /> Moundsview, MN 55112-1499 <br /> RE: Update on Rent-All Minnesota Relocation and Acquisition. <br /> • <br /> Dear Mr. Jopke: <br /> Matt Storm and I met with Brad Rice on Tuesday November 17th to discuss both <br /> acquisition and relocation. Mr. Rice is the City Manager for Rent All and the main <br /> contact in the Twin City area. The owner Robert Elmen has supplied Brad with every <br /> correspondence related to this project. • <br /> Mr. Rice stated that the owner was quite upset about an article published in the local area <br /> paper as well as the St.Paul Pioneer Press which basically stated the dollar amount of <br /> $550,000.00 for the purchase of the Rent-All Minnesota property. He felt that the figure <br /> was premature since negotiations were in process. Mr.Rice also stated that back in <br /> January a meeting took place were a figure of around $750,000.00 was discussed. This <br /> total is in the area which the owner is looking for. <br /> As far as alternative locations Mr. Rice said that they have looked at following three <br /> potential sites: <br /> 1. The Pak Building at 2832 Hwy 10. Mr. Rice said that they not sure if they want to rent <br /> and that at that location they couldn't relocate their concrete business. <br /> 2.A vacant lot at the corner of Hwy 10 and Woodale. Property is listed by Everest <br /> Development. Nielsen Associates. The lot is a little smaller than what they have now and <br /> is listed at$15.00 per/sq. ft. which is slot more than what they are being offered for their <br /> property. <br /> Successfully serving our clients for 24 yeses • 1972 19� <br />