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08/02/2009 17:11 6514834066 KIEGEP PAGE 03 <br /> Y•�' Mr.Bryan Bear <br /> ! ' July 28,2009 <br /> awe Page 2 o/3 <br /> Taxes & Assessments: Real estate taxes will be prorated on a calendar year basis <br /> at closing. . <br /> k•., Purchase Ag�reement: Buyer will prepare, at its expense, within 14 business days <br /> i of Sellers acceptance of the Offer to Sell, a Purchase <br /> Agreement to be reviewed, negotiated in good faith and <br /> executed by both parties. <br /> VL'? <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 p Hu o g co petitive 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 b no means to be considered legally binding <br /> Y 9 Y 9 <br /> "='' upon either porty; 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 df 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 more time is needed, please call us. We want to be cooperative. <br /> i Respectfully, <br /> A. <br /> Jon Rausch, CCIM, SIOR <br /> Senior Vice President <br /> vt ' 952.893.8251 (Office) <br /> 612.685.8288 (Mobile) <br /> K's 952.893.3629 (Fax) <br /> t=' <br /> Sl <br /> .. Lt. J' BUYER: <br /> Kieger F tly i Ite �artnor�P� City of Hugo <br /> t., <br /> By .�. <br /> ; ' <br /> Date Date <br /> i <br /> ll; , <br /> e:"documu—l�ekiege-I ha6locals–hteri'hugo property0'2809 I7 acres.doc <br /> I <br />