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Key Facts About Owners' Efforts to Close Lowry Grove LG Partnership and Continental took a number of steps to make it impossible as a practical matter for residents to exercise their first refusal rights under Minnesota Statutes 327C.095 subd. 6.: Continental provided LG Partnership with an offer indicating intent to close the park weeks before April 26. Rather then promptly providing residents with the Subdivision 6 notice of Continental's offer, and giving them 45 days to match the prospective buyer's offer before entering into a purchase agreement as the statute requires, LG Partnership waited until one day prior to its execution of a purchase agreement with Continental to provide the Notice. Then when Aeon submitted a purchase agreement to preserve the park, LG Partnership rejected the offer because they claimed that aeon would have to close the same date that LG Partnership was required to close with Continental. LG Partnership then responded to the residents' Subdivision 6 request with the purchase agreement, rather than the cash price and terms of the buyer's offer as required by the statute. The parties to the LG Purchase Agreement included a $1 million earnest money payment. This is an exorbitant amount, the only purpose of which could be to prevent residents from being able to exercise their first refusal rights. LG Partnership did not provide residents with the full purchase agreement, leaving out all of the exhibits, many of which would be required to allow a prospective purchaser's due diligence analysis. Aeon submitted its offer on Friday, June 10. LG Partnership rejected the offer on Monday June 13. None of the three reasons given for rejecting the offer were valid. LG partnership closed the sale on Monday June 13, without discussing their purported issues with the Aeon purchase agreement. They claimed that they had to close the sale then; but the earliest date they were required to close was Wednesday, June 15. The Village LLC purchased the Park on June 13 and sent a Park Closure Notice to residents on June 15. Minnesota Statutes 327C.095 subd. 7 requires that a buyer that has decided to close the park within a year of its purchase of the park must offer to sell the park to the residents for its purchase price plus its cost involved in the purchase. The offer to residents must be in a notice that the park is being closed. The Village LLC has not offered to sell to the residents as required by the statute. Subdivision 4 of the Statutes requires the City to hold a hearing to review the closure statement. The City can only conclude from an objective review of the closure statement that The Village LLC has not complied with the law because it has not offered to sell the park to the residents. The City must conclude that the Village LLC must rescind its earlier notice and provide residents with a new one which includes the statutorily required offer to sell to the residents.