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3z <br /> VILLAGE PROPERTIES 2500-39th Avenue NE <br /> Mpis. MN 55 +21 <br /> February 8 , 1996 <br /> Mike Mornson <br /> City Manager <br /> City of St . Anthony <br /> 3301 Silver Lake Road <br /> St . Anthony, MN 55418 <br /> • Dear Mike : <br /> Our company recently purchased the property located <br /> at 2801 37th Avenue NE . Along with the purchase of this <br /> property, we acquired the land to the east up to the Amoco <br /> station on Silver Lake Road . The area from the existing <br /> parking lot to the east property line is approximately <br /> 65 , 000 square feet . Additional land to the north is <br /> available for lease from CP Rail as needed to supplement <br /> the site . <br /> We have been contacted by Systec , a local company <br /> currently located on Chandler Drive . They have been given <br /> notice to vacate their current space in approximately one <br /> year to allow for expansion of their neighbor and current <br /> landlord , Marshall Manufacturing . Systec is a $ 3 . 0 <br /> million company with 20 employees . They want to stay in <br /> St . Anthony but will have to move from the City if <br /> • suitable space is not available . Systec, has given us a <br /> Letter of Intent to lease a minimum of 10 , 000 square feet <br />