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Authentisign ID: 47116948-C2D1-EE11-85F9-6045BDD68161 <br />February 22, 2024 <br />Sean Sullivan <br />Economic Development Manager <br />763-433-9868 I Office <br />763-807-4339 I Cell <br />SSullivan(a1citvoframsev.com <br />RE: Letter of intent to purchase the Land Property Located on the .95 acres, located at 6591 141st <br />Avenue NW, Ramsey, MN 55303. <br />Buyer: Blanery LLC — Aliaksandr Blashchanitsa — president (with option assigned to) <br />Address of the buyer: 4764 Erickson Dr, New Hope, MN 55428 <br />Email: 7565000@gmail.com <br />Seller: City of Ramsey <br />Property Address: 6591 141 st Avenue NW, Ramsey, MN 55303 - Land <br />PI D: All that part of the North 200 feet of the South 233 feet of the South Half of the Southeast Quarter of <br />Section 27, Township 32, Range 25, Anoka County, Minnesota, lying West of the East 1146 feet thereof, <br />and lying East of a line parallel with the East line of said South Half of the Southeast Quarter drawn <br />Northerly from a point on the South line of said South Half of the Southeast Quarter, a distance of 266.00 <br />feet East of the Northwest corner of Lot 1, of the duly recorded plat of Auditor's Subdivision No. 30, said <br />Anoka County said 266.00 feet measured at right angles to the West line of said Lot 1. <br />Purchase Price: $105,000 <br />What the buyer is going to build: 8,500 SF Auto Body Shop. The shop will be on the first floor, and on <br />the second floor will be offices, approximately 15+ rooms. Rooms will be arranged/rented for professional <br />services in which workers for different companies share an office space. The Auto Body business <br />anticipates having 6 FT employees and the upstairs offices could support an additional 15 PT workers <br />Description of Activity on site: <br />Auto body repair <br />Collision Repair <br />Alignment <br />Tinting <br />Detailing <br />Tires repair (not replacement) <br />Mechanical repair <br />Electrical Repair <br />Earnest Money: Earnest Money of $10,000 will be held by an agreed upon Title Company upon <br />complete execution of the Purchase Agreement. A held deposit would be refundable to the buyer if the <br />escrow does not close unless failure to close is the result of default by the buyer under the Purchase <br />Agreement (in which event the deposit would be released to the seller as liquidated damages). <br />Site Delivery: The seller will deliver the property in its current condition. The City of Ramsey requires a <br />Right of Re -Entry Agreement for the land if a Certificate of Occupancy is not issued within 12 months of <br />closing. The terms and conditions outlined in this proposal are by no means legally binding upon either <br />party. Rather, they are for discussion purposes only. No language contained within this should be <br />construed as a legal commitment. The parties can change or withdraw any terms within this Letter of <br />