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2 <br /> <br />As we look forward, the disposal market has some uncertainty. Anoka County, due to Federal Court <br />rulings on interstate commerce, is not renewing its 20 plus year processing agreement with NRG. The <br />current agreement ends on August 19, 2009. We believe the processing facility will remain open, but <br />under new ownership. Regardless, no new agreements have been signed. If the current plant closes, we <br />may need an expanded transfer station to move MSW to the best disposal facility. We expect a clear <br />direction on this issue within two years. <br /> <br />This option would result in a request to combine the subject property with our current property. <br /> <br />Option 2: Construction of a 12,000 square foot shop. We made our current facility large enough to <br />handle most of our growth, but we can see the day when we need more truck repair bays. To fulfill this <br />need, we would construct a shop on the property to house our container repair and truck painting <br />operations. <br /> <br />Under option 2, the land would remain a separate parcel. <br /> <br />ACE Solid Waste will continue to grow. Ever changing government regulation (primarily State driven) <br />makes the exact nature of our space needs hard to define. The acquisition of this property by ACE Solid <br />Waste will result in more high paying jobs and $500,000 to $750,000 in added tax base to the community. <br /> <br />Our offer for purchase remains the same: <br /> <br />· Completion of a purchase agreement as soon as practical <br />,, A total purchase price of $275,000 <br />· $10,000 in non-refundable earnest money and $265,000 cash upon completion of the remediation. <br />· Following completion of the sale, ACE will landscape and maintain the property in a manner that <br /> improves the neighborhood until the building is built. Final landscaping will be completed as part <br /> of the building construction. <br />· We are not asking for any TIF or other assistance from the City. <br /> <br />I look forward to discussing the next step required to complete the transaction. <br /> <br />Sincerely, <br /> <br />Mike Berkopec <br />General Manager <br /> <br />Cc: Andy Schweizer <br /> <br />(P) 763-427-3110 (F) 763-427-1691 <br /> <br />www.acesolidwaste.com LEADER~- <br /> SERVICE <br /> 13 <br /> <br /> <br />