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HCity of <br /> ugo 14669 Fitzgerald Avenue North, Hugo, MN 55038 (651)762-6300 www.ci.hugo.mn.us <br /> August 19, 2009 <br /> Jon Rausch, Senior Vice President <br /> North Marq <br /> 3500 American Blvd W. Suite 200 <br /> Minneapolis, MN 55431 <br /> Dear Mr. Rausch, <br /> We received your offer letters to sell the Kieger Property of 15.15 acres. The Economic Development <br /> Authority (EDA) reviewed and discussed the offers at their August 10, 2009, meeting. The EDA <br /> discussed the offer but the City does not have it in its budget to purchase land at this time. The EDA <br /> made a recommendation to the City Council to decline the offer to sell and asked the City staff to <br /> continue to monitor the land and assist when needed. At their August 17, 2009, meeting the City <br /> Council decided to decline the offer as well. <br /> We will continue to reference the property as people contact the City for industrial land. You <br /> expressed some concern regarding development approvals and environmental reviews. Please be <br /> assured that the City's intention is to make the approval process as smooth as possible. If you would <br /> like to advertise the property on the City's website, please contact Rachel Simone at 651-762-6304. <br /> Please feel free to contact us with any additional questions at 651-762-6300. <br /> Sincerely, <br /> Bryan Bear <br /> Executive Director of the Economic Development Authority <br /> C: Honorable Mayor and City Council <br /> Michael A. Ericson, City Administrator <br />