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Page 2 <br /> This offer is based on the approved fair market value appraisal of the property prepared by a <br /> qualified independent fee appraiser. <br /> You will have a reasonable length of time to consider the offer. To aid in your decision, you <br /> may wish to secure your own appraisal. Minnesota law provides for reimbursement in an <br /> amount not to exceed$500.00 for the actual cost of an appraisal of property rights acquired by <br /> direct purchase. Reimbursement cannot be made, however, until your property is actually <br /> acquired. <br /> If you do decide to accept this offer,the parcel will be acquired by direct purchase and you will <br /> be paid upon satisfactory evidence of merchantable title and execution of the appropriate <br /> documents. If the offer is unacceptable, you may have your property acquired in an eminent <br /> domain proceeding. <br /> Your signature on this letter is only for the verification that such an offer has been made to <br /> you and does not prejudice your right to have the final amount determined through <br /> eminent domain proceedings in the event you do not accept the offer. <br /> If you should have any questions or comments, please feel free to contact me. <br /> Sincerely, <br /> Michael Ulrich <br /> Director of Public Works <br /> City of Mounds View <br /> MU/tj <br />