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<br />PF3Ljr 7 <br /> <br /> <br />November 10, 2004 <br /> <br />Ms. Cathy Bennett <br />City of Roseville <br />2660 Civic Center Drive <br />Roseville, MN 55113 <br /> <br />RE: Land Payment <br />Orchard Ridge Town Homes Phase II, Arona Redevelopment <br /> <br />Dear Cathy: <br /> <br />As you and I have discussed, pursuant to the Planned Unit Development Agreement, <br />which references the Purchase and Sale Agreement between United Properties and the <br />City of Roseville, it is understood that an additional land price is required for the last six <br />units of town homes at the Arona Redevelopment site. Each of these six units requires <br />a $20,000 land purchase price. Thus, when we obtain the building permits for these final <br />six units, we will pay $20,000 per unit (a total of $120,000). <br /> <br />It is our hope that we can obtain the permits yet this fall to begin our foundations. <br /> <br />Please call me at 952-820-8727 if you have any questions. <br /> <br /> <br />Mark W. Nelson <br />Project Manager <br />Development <br /> <br />Enclosures <br />C: Dennis Welsch <br />Bill Cowger <br />Brian Carey <br />File: Rosevil/e Town Homes Permits <br />MWN/bls <br /> <br />3500 West 80th Street. Minneapolis. MN 55431 .. 952.831.1 000 .. fax 952.893.8804 .. www.uproperties.com <br />