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Companies <br /> Comprehensive Real Estate <br /> <br />8200 Normandale Boulevard, Suite 200 <br /> <br />Minneapolis, Minnesota 55437-1060 <br /> <br />6t2.897.7700 Fax 897.7704 <br /> <br />December 8, 1998 <br /> <br />Services <br /> <br />, N_gCEIV~;D <br /> 0[.c .l 0 1998 <br /> <br />iBY' <br /> <br />Mr. Jim Norman <br />City of Ramsey <br />15153 Nowthen Boulevard <br />Ramsey, Minnesota 55303 <br /> <br />BMA Associates <br />149.11 Acre Site <br />Ramsmd, MN <br /> <br />Dear Mr. Norman: <br /> <br />Thank you for your offer on the above property dated November 18, 1998, as BMA <br />Associates would be interested in working with the City of Ramsey to purchase the <br />above referenced site. <br /> <br />Based on the current market for land we would propose to sell the site to The City of <br />Ramsey for $3,000,000.00. We are open to the eight year pay out terms you have <br />proposed, but would want an equitable down payment and interest rate. <br /> <br />I will follow up with you to discuss this further and look forward to continuing to work <br />with you on this transaction. <br /> <br />Vice President <br />Welsh.Companies, Inc. <br />612-373-2277 <br /> <br />CC: <br /> <br />Mark Freundsch <br />Jack Feltl <br /> <br />/bd <br /> <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />I <br />I <br />I <br /> <br />I' <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />