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AVA <br />PROPERTIES <br />LETTER OF INTENT — PURCHASE <br />Date: 8/11/2020 <br />Sean Sullivan <br />Economic Development Manager <br />7550 Sunwood Drive NW <br />Ramsey, MN 55303 <br />RE: Letter of Intent <br />Out Lot: Anoka County Tax Parcel: 28-32-25-41-0020 <br />Ramsey, MN 55303 <br />Dear Sean, <br />Following is a Letter of Intent expressing the interest of Java Companies, LLC & or Assigns to purchase the <br />above -mentioned real property. If the following terms and conditions are suitable to you, they are in a <br />position to proceed with a formal Purchase Agreement. <br />Seller: City of Ramsey <br />Buyer: Java Companies, LLC. & or Assigns <br />Property: Out Lot (See Exhibit A): Anoka County Tax Parcel: 28-32-25-41-0020 <br />Ramsey, MN 55303 <br />Tax Parcel: To be Determined <br />Purchase Price: $228,864.00 (28,608 sf at $8 psf) <br />Earnest Money: $5,000.00 <br />Closing: Closing shall occur one hundred and eighty (180) days after full execution of the <br />purchase agreement and addendum. <br />