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<br />~eb.la, 2JuC 1!j:40A~'\'~ <br /> <br />NG,6-l~I.- ~' <br /> <br />BER\,;AJl.D E. STEFFEN <br />RI.::K."JlO..... MERl1.IU <br />CAPJlJlU. A. J~S!." <br />JmilEY S. JOHNSON <br />RUSSEll.. H. CROWl)~)\, <br />ION r. E.llJCKSON <br />L...~'RENCE R. )OHNSO-.: <br />DAVID A, CC\SSJ <br />Tl-:OW,S P. MALOlSJ; <br />~Ul'HA!!.. R H1..iRLEY <br />HERMAN L. T"LLt <br />CH:4.R.U.5 lV~ SEYKCKA <br />CAilllEL D. OANru" JR. <br />Be:\'E!l.LY r.. DODGE <br /> <br />BGS <br /> <br />jA~..sD.Hom <br />jO.>J~ M. Ql.JADE <br />SCOTI'M. LEPAK <br />s:e-lEN G. THORSC:'J <br />WZABFrIi A. SCH.'l.DLNG <br />'X1:.UAM P. HL'EFl'.'El. <br />B'RA.Dl..F-Y ,/'". KLE"rSCW'J. <br />\lP.lCOLM r. ~:y <br />KRIST! R. RILEY <br />C:-lR1STCPHEll. DE LA FCJI,EST <br />!,!4TIHEW M, QvlNN <br /> <br />Barna, Guzy & Steffen, Ltd. <br />ATIORNEYS AT LAW <br />400 Notthtown Financial P1.aza <br />200 Coon Rapids Boulevard <br />Minneapoli~, MN 55433-5894 <br /> <br />Cf COi4T.wl <br />F.O~T A. Ol..1lY <br />'.':PGIL c. HERltICIC <br /> <br />(612) 780~8500 <br /> <br />FAX (612) 780-1777 <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />Jim h.1arch, City Administrator, City of Centerville <br /> <br />FROM: <br /> <br />Jim Hoeft, City Attorney, City of Centerv' <br /> <br /> <br />RE: <br /> <br />Purchase of Eagle Trucking Site <br />February 18,2000 <br /> <br />DATED: <br /> <br />As I \\-'ill be on vacation the week of February 21, I wanted to give you my thoughts in writing <br />regarding the revie'w of the Purchase Agreement by !v1r. Hubers' attorney. Th.ese comments can <br />be shared v"im the CauDell as well as with Mr. Hubers and his attorney. <br /> <br />I note that Eagle Trucking, Inc. is not the owner of the property, but rather Richard G, a!1d Diane <br />Lynn H11bers. We need to know whether they are husband and wife, father/daughter, <br />brother/sister? <br /> <br />Paragraphs 1, sub. c and d ",ill remain on the first page of the Purch2.5e AgTeemem even though <br />Mr. Hubers attome)' has indicated they are not applicable. If in fact there are no outstanding <br />contracts or permits involved in this transaction, then we v.'in simply indicate "none" OD both <br />Exhibit C aJ:ld D, <br /> <br />\Vith regard to the purchase price of $375,000, We will need to know how Mr. Hubers '\-"a.nts to <br />divide that purcbase price between the value (If the real estate and the value of the personal <br />property being purchased with the building, There are certain tax implications to Mr. Hubers <br />v.ith regard to how that purchase price is allocated, and I would defer to his desire on how that <br />should be divided, Mr. Hubers' attorney indicates that they wculd like 5% as an earnest money <br />payment to be held in l'<1r, Hubers' attorney's trust acco\L.')t. I do not have any objection to that <br />provision other than we need to determine whether the 5% ~ameSt money will be 5% of the <br />purchase price of the real estate or 5% of the total purchase price including thE price for the <br />personal property items. Not a huge issue, but it should be clarified. <br /> <br />On page 3, we can eliminate subparagraph g entitled "Financing and Ot1:l.er Approvals," <br /> <br />On page 4, subparagraph A (3) and (4) can be removed if in fact there are no contracts or permits <br />that will be assigned, <br /> <br />All Eq,,~l Op]Xllt\U\;ty 'Et:\1)WYt:' <br />