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Authentisign ID:47116948-Ml-EE11-85F9-6045BDD68161 <br /> February 22, 2024 <br /> Sean Sullivan <br /> Economic Development Manager <br /> 763-433-9868 1 Office <br /> 763-807-4339 1 Cell <br /> SSuIIivan@cityoframsey.com <br /> RE: Letter of intent to purchase the Land Property Located on the .95 acres, located at 6591 141 st <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 />