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08/02/2009 17:11 6514834066 KIEGER PAGE 03 <br /> Mr.Bryan Bea/ <br /> July 28,2009 <br /> Page 2 o/3 <br /> Ph <br /> 6{y4 <br /> Taxes & Ass4ssments: Real estate taxes will be prorated on a calendar year basis <br /> ty 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 /> j executed by both parties. <br /> t== Closing: The parties will close this transaction 30 to 60 days after the <br /> expiration of the inspection period. <br /> ivS.. <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 /> Seil,:the term and conditions outlined herein are b no means to be considered legally binding <br /> � Y 9 Y 9 <br /> upon either p rty; rather, they are for discussion purposes only. No language contained within <br /> this proposal hould be construed as a legal commitment. The parties are free to change or <br /> withdraw any§f the terms within this Offer to Sell. <br /> Please ackno*4edge 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 /> Respectfully, <br /> a�''•° t <br /> Jon Rausch, dCIM, SIOR <br /> Senior Vice Pro sident <br /> ' 952.893.8251 (Office) <br /> 612.685.8288(Mobile) <br /> 952.893.3629 Fax) <br /> BUYER: <br /> KI ger IN i ite Partnere City of Hugo <br /> t <br /> S <br /> By <br /> 4 � <br /> Date Date <br /> , <br /> C doculne�lldciege�l hst\locals—IVeraWhugo property077809 17 acres.doc <br />