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<br /> <br />-aNTHeR. <br /> <br />Precision Machine <br /> <br />October 13, 2006 <br /> <br />City of Ramsey <br />Sean Sullivan, Economic Development Coordinator <br />15153 NowthenBlvd NW <br />Ramsey, MN55303 <br /> <br />RE: Lot 1, Block 2, Sunfish Lake Business Park Second Addition <br /> <br />Dear Sean: <br /> <br />In 2001 Panther Precision Machine relocated to Ramsey from Fridley. We were the first <br />business to locate in the now successful Sunfish Lake Business Park. Our business <br />constructed a 26,000 S.F. building in 2001 and added an additional 15,000 S.F. in 2006. <br />Our site is now fully built out and the need for future expansion of our business and <br />diversification is imminent. Panther Precision.is pleased with being in Ramsey and <br />would like to secure its future here. <br /> <br />Currently our business utilizes the entire building and our growth over the past 4 years <br />has been better than anticipated. Our future needs will include a building from 20-30,000 <br />S.F but a certain date for construction it not known at this time. I have reviewed the site <br />inform~tion compiled from Northern Technologies on the adjacent site and would like to <br />pursue the acquisition of that parceL The soil conditions on the site make it very limited <br />as to the size and location of a building on that site. It is my understanding that the <br />existing building pad is for a building of30,000 S.F. Due to the restrictions of the site I <br />believe a price lower than $2.50 S.F would be acceptable. <br /> <br />I will explore all options in looking to secure this site for my business and its future <br />expansion. An option agreement, outright purchase or any other means to acquire this <br />property would be considered. Please contact me regarding this parcel and let me know <br />what arrangements can be made to.secure our future in Ramsey. <br /> <br />7~ /17/.~ <br /> <br />Thomas M. Olson, President <br /> <br />Panther Precision Machine · 6640 Sunwood Dr. NW · Ramsey, MN 55303 <br />Tel (763) 586-9651 Toll (866) 297-9651 Fax (763) 586-9652 info@pantherpr:ecision.com 12 <br />