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JON R. & SOPME PEDERSON <br /> c/o RUFFRIDGE-JOHNSON <br /> 3024 4th St.S.E. <br /> Minneapolis,MN 55414 <br /> January 8, 2016 <br /> The City of Centerville <br /> Attn: Michael Ericson <br /> 1880 Main Street <br /> Centerville,MN 55038 <br /> Re: Termination of Purchase Agreement <br /> Lot 2, Block 1,Clearwater Business Park,Anoka County,Minnesota <br /> Dear Mr. Ericson: <br /> Unfortunately,we have determined that it is not feasible for us to proceed to purchase the <br /> above-referenced property. Accordingly, this letter shall serve as written notice of our election, <br /> as Buyers, to terminate the Purchase Agreement between us and the City of Centerville dated <br /> July 8,2015. <br /> We appreciate your cooperation and we would be interested in discussing with you the <br /> possibility of modifying certain terms of the subject Purchase Agreement in a mutually agreeable <br /> manner such as to allow for its potential reinstatement. <br /> Please feel free to contact our agent, Hal Ulvestad, Rockland Advisors, at 952-250-9783, <br /> should you have any questions regarding this termination notice. <br /> Sincerely, <br /> 4—Sop—hil4ederson— <br /> cc: <br /> Pederson <br /> Gene C. Olson, Esq.,Olson&Breckner, P.A. Aced <br /> , <br /> Hal Ulvestad,Rockland Advisors V 2 CI �7 y CFf" �' �hfP,rVi//� <br /> Kurt Glaser,Esq., Smith&Glaser,LLC / Y <br /> Lou Suski, Gaughan Companies <br /> Commercial Partners Title, LLC – <br /> _re,�-sem l3e�a�e►; �� c�e�'!�. <br /> 86 <br />