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<br />. <br /> <br />. <br /> <br />ROYALIQi~~ <br /> <br />. <br /> <br />October 11, 2004 <br /> <br />Scott Clark <br />City of Arden Hills <br />1245 W Highway 96 <br />Arden Hills, MN 55112 <br /> <br />Re: Old city hall site on the south side of Highway 96 <br /> <br />Dear Scott Clark: <br /> <br />First of all, thanks for taking time to visit with me last Wednesday, October 6,2004. <br />As a result, I an1 interested in purchasing the property referenced and developing it into <br />office condos. <br /> <br />The footprint of one three-unit building ranges from 4500 square feet to 6500 square <br />feet. The price I an1 willing to pay for the land is approximately $25.00 per square foot <br />of office space. For example, 40,000 square feet of office space x $25.00 per square . <br />for land cost is $1,000,000.00. Of course, this all depends on setback and parking <br />requirements as well as easements and engineering requirements. <br /> <br />In addition, I would also request permission to have my surveyors check the grade on <br />the property. At that time I would propose a layout of my office plan with all the <br />requirements and determine the purchase price for the property. <br /> <br />If you should have any questions please feel free to give me a call at 651-483-5518. <br /> <br />Sincerely, <br /> <br />Royal Oaks Realty, Inc. <br /> <br />/JtA/<'/~; L,,:~ <br /> <br />by: Marcel Eibensteiner, President <br /> <br />e <br /> <br />encl: elevations <br /> <br />1000 County Road E West, Suite 1 SO. Shoreview, Minnesota 55126' (651) 483-5518 . Fax (651) 483-5642 <br />www.royaloaksrealty.com <br />