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John P. Tuohy <br /> 808 Park Place Drive <br /> Mendota Heights, MN 5118-2743 <br /> 651-457-5287 <br /> August 14, 1999 <br /> City of Saint Anthony Village <br /> 3301 Silver Lake Road <br /> St. Anthony, MIND 55418-1699 <br /> Attn: Michael J. Morrison, City Manager <br /> Re: 2700 and 2704 Pahl Avenue <br /> Dear Mr. Morrison: <br /> In response to your letter of August 10th regarding the above properties, 1 would like to <br /> make the folloWing comments. <br /> I will sell the two houses for $139,000 for 2700 Pahl and $155,000 for 2704 Pahl for a <br /> total of$294,000 plus assessments. 1 did not increase the price from early May when 1 <br /> talked to Matthew Storm and informed him the prices totaled $296,000. I even lowered <br /> the total price to $295,500 in my letter to the City in June. It is now mid-August and to <br /> obtain a resolution to tlus long on-going process, I will further not increase the price <br /> nothwithstanding the significant monthly increases in home sale prices in the Twin City <br /> area. The total price of$294,000 represents, therefore, no price increases for the last <br /> three months and plus a reduction in price of$2,000 from the original $296,000. 1 am <br /> lowering the price to effect a resolution, as I have said. <br /> The proceeds from the sale will be used to purchase two other homes, hopefully nearby in <br /> St. Anthony. You know what the home prices have been recently in St. Anthony and it <br /> should be obvious that the full amount of$139,000 and $155,000 will be required to be <br /> expended in order to buy two similar replacement houses. A few homes were sold nearby <br /> 4 in the recent months and it would have been nice to have been able to purchase them and <br /> move my renters into them. <br /> Sincerely, <br /> Vohn P. Tuohy <br />