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07/28/2609 17:03 6514660725 <br /> OFFICE MAX PAGE 02 <br /> Mr. Bryan Boar <br /> July 22, 2009 <br /> Page 2 of 3 <br /> Seller's Title: Seller will deliver the premises free of liens and monetary <br /> interests. <br /> Taxes &Assessments. Real estate taxes will be prorated on a calendar year basis <br /> at closing. <br /> Purchase Agreement: Buyer will prepare, at its expense, within 14 business days <br /> of Seller's acceptance of the Offer to Sell, a Purchase <br /> Agreement to be reviewed, negotiated in good faith and <br /> executed by both parties. <br /> Closing: The parties will close this transaction 30 to 60 days after the <br /> expiration of the inspection period. <br /> In my opinion, creating a business park or available sites with wetland irrigation complete will <br /> keep Hugo competitive in the NE Metro. <br /> Except for Owners intent to remove the Property from the market on execution of this Offer to <br /> Sell, the terms and conditions outlined herein are by no means to be considered legally binding <br /> upon either party; rather, they are for discussion purposes only, No language contained within <br /> this proposal should be construed as a legal commitment. The parties are free to change or <br /> withdraw any of the terms within this Offer to Sell. <br /> Please acknowledge your acceptance of this Offer to Sell by signing below. If no acceptance <br /> has been received by 5:00 p.m., August 15, 2009, this Offer to Sell shall become null and void. <br /> However, if rnare time is needed, please call us. We want to be cooperative. <br /> Respectfully, <br /> C ��/►� <br /> Jo�nR a Wus C.CIM, SIOR <br /> Senior Vice President <br /> 952.893.8251 (Office) <br /> 612.685.828e (Mobile) <br /> 952.893.36291 (Fax) <br /> SELLER: BUYER: <br /> Thommes 't►omas City of Hugo <br /> Tom Benick <br /> /�`.���Q <br /> Date Date <br /> -2 12 / l 2 <br /> John Tholmmes <br /> ate <br /> c:ldocumcnte and scttiogsWministratorllocal scttins\tcmporary intcrnaliltslcontent.ntrtlooklv7,igO800lhugo Pr0perty072309.doc <br />