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<br /> '" <br /> DOHERTY 1500 E. FllSl Nation.a.l Rank Building 3750 IDS T....... ~ 8uiJding <br />, 332 Minnesota SlTeel 80 South Eighth S.... 1625 M Stroet. N.W. <br /> RUMBLE Sain' raul, Minnesota 5510H391 Minneapolis, Mllul<5Ola 55402-2252 Washington D.C. 20036 <br /> Telephone (612) 291-9333 Telephone (612) 340-5555 Telephone (202) 29:HlS55 <br /> & BUTLER Teleropie<(612) 291.9313 Telex 290-635' Teleropie. (202) 223-8?90 <br />. PROFESSIONAL ASSOClA nON <br /> Allomeys 01 Low Writer's d.iTect dial number. 291-9409 Reply to Saint Paul office <br /> fn.n~ o.\'boumf i2<'/-' V~~-~ <br /> ~l.H~",..,fon:l <br /> hrT)- M. Wikon, Jr 7/n/", 7 <br /> Jnonw HA1ICI".i.n <br /> -.,,0 ""'" <br /> Euvnr M Wmich <br /> )Irne k. Wihmbtrg July <br /> )MrI j. McCarl, I, 6, 1987 <br /> ~E.Rahri("h1 <br /> IDyd H R.1II:hyr <br /> QunR.E.dstrvm <br /> Ia}ph K. Monts <br /> ~ E. H.anson <br /> J. U"'WTl~ Mdn~ James S. Lynden <br /> R.ic+\udA Wilhoit Mr. <br /> WUlUlmlC05griIf Attorney at Law <br /> ~A_SIOIpt'!;\.ld <br /> ~ E Snulh 800 Amhoist Tower <br /> ~JJlYl.n <br /> larwk:l ^ ulNlnsk}' 4th and St. Peter Streets <br /> K:imNII J- Dtvoy <br /> C. Robrr1 Br.!'bl> St. Paul, Minnesota 55102 <br /> o.vidG M.utin <br /> )onatNnP.ScolI <br /> Tunod1\' Ii: Quinn Re: Highway 96 and Hamline Avenue Property <br /> Alan L S~Vr'l' <br /> ~R_CI"llSS""plkor Arden HillS, Minnesota <br /> ~l"IAY~.. <br /> )ftfroP~' & ObPl"INn <br /> c...qOl1'A.);;"..m Dear Jim: <br /> Wilhl.mL~1 <br /> CaN H.~ <br /> EcI':"n:lf,Fcn; On behalf of 96 Hamline Partners Limited Partnership, <br /> Mar,..E f'rob5j I am <br /> Ka1ftorl R. EdJund pleased to present this proposal to you for the possible <br /> Eii.z.I~h Hoor-nt Mvtin <br /> Liw M Hurwitz sale of a portion of the above property to the Village of <br />. Sut'Anrr~1son <br /> """10 btrom Arden Hills. Enclosed for your information is a survey of <br /> .'-' E. Tokn <br /> ;,.t::'~: the property. <br /> OIIvid r. SWolnson <br /> JI.on.tidD,Mchll The asking price for- .this property is $2.25 per square <br /> Sus..,., C Wf'ingarml!'r <br /> Erink:lord..hl foot. This price was determined by Dahlen & Dwyer <br /> M.llf1:I"bn~d Appraisers more than two years ago and is the price which <br /> o...WJ1 L G.lgnl!' <br /> Don.ld W ~~ the Daybridge Learning Center developer has agreed to pay <br /> C".otfu.lI,1_~ <br /> MH!h.lCl.1ri< for the westerly 200 feet of the property. We therefore <br /> M~) R. Doc"'1!'TtV <br /> s.u~E,R~nblm believe that $2.25 per square foot is a fair market value <br /> o..n",lC,Mott figure. <br /> Mugart'IJ M<tddm <br /> 8 f RooKh..lud./T <br /> o..t',:,"~h Eo Hllkf' different <br /> We are prepared to offer the Village- . three <br /> ..'Ldm'n.....::! DC Only parcels: <br /> Of CpunKl <br /> J C F('I(>j~ The westerly 280 feet of the property (by 278.6 <br /> Irvmg Oark <br /> O..rul'"ih O'&nE'f' feet) or 78,008 square feet for $175,518. <br /> Wilh..m!l.~nda.JJ <br /> mn~S Fm,,1J <br /> RK-lutd H Ma~US(m The westerly 660 feet of the property (by 278.6 <br /> ~..CKml'; <br /> en!.... 5"''''''501' feet) or 183,876 square feet for $413,72l. <br /> b:n.u.i B r~1mCn <br /> Assuming we can terminate the Daybridge purchase <br /> agreement, wh ich is a possibility, the entire <br /> \ oO} <br />. fJ\~ <br /> loO <br /> L-\1:l? <br />- --- <br />