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(:! in tI on <br /> ills <br /> Administrative Offices <br /> 3301 Silver Lake Road, St. Anthony, Minnesota 55418-1699 <br /> (612) 789-8881 FAX (612) 789-9602 <br /> May 18, 1992 <br /> Richard B. Beeson, Jr. <br /> St: Anthony Park State Bank <br /> 2265 Como Avenue <br /> St. Paul, MN 55108 <br /> • Dear Mr. Beeson: <br /> This letter will serve as a Letter of Intent that the City of St. Anthony intends <br /> to purchase restaurant equipment from Mannings Restaurant. <br /> As per our agreement, the City will pay $30,000 with the understanding that <br /> the City owns the equipment unencumbered. The remaining balance of Mr. <br /> Manning's debt to the bank is his own responsibility. <br /> You may expect payment from the City of St. Anthony on July 1, 1992. <br /> Sincerely, <br /> Thomas D. Burt <br /> City Manager <br />