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<br /> <br />RIGGING &. ERECTING <br /> <br />1138 Industry Avenue, Anoka,Minnesota 55303 <br />Office (763) 422-9141 · Fax (763) 422-9231 <br /> <br />April 24, 2007 <br /> <br />City of Ramsey <br />Shawn Sullivan <br />15153 Nowthen Blvd NW <br />Ramsey, MN 55303 <br /> <br />Dear Shawn: <br /> <br />This is to inform the City of Ramsey of my intent to purchase the <br />approximately four acre parcel on McKinley Street in Ramsey, MN. <br />My plans- are-to build a 40,000 square foot building where we will <br />operate Cullinan Rigging & Erecting, Inc. Over the next two years I <br />plan to add 10 full-time employees at a starting rate of $18.00 per hour. <br /> <br />Per my conversations with Shawn, based on the size of this building and <br />the number of full-time employees, I should be eligible to receive about <br />$250,000.00 in assistance, making my purchase price for this parcel no <br />more than $120,000.00. At this time, I am having Sharp & Associates <br />draw up blue prints for the new building, which I hope to present to the <br />City of Ramsey soon. Our plans are to construct and close on this <br />building before the end of 2007. <br /> <br />Sincerely, <br /> <br />4~cJL <br /> <br />Robert Cullinan <br />President <br /> <br />10 <br />