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Roseville Acquisitions, LLC 2575 Fairview Avenue North, Suite 2S0 Rosevii�e, Minnesata 55 � 13 April 24, 2Qp9 City of Roseville Attn: Williarn J. Malinen, City Manager 2660 Civic Cenier Drive Roseville, Minnesota 55113 Re: I 947 Co�inty Road C W- Fornier Indianh.ead Trucking Property Offer of Just Compensation - Parcel 8 Twin Lakes Infrastruciure Improve�nents - Phase I. WSB Project #1814-00 Dr. Mr. Malinen: This letter will canfirm that on April 22, 2009, Roseville Acquisitions, LLC received from the City of Roseville a letter dated Apri] 8, 2009 fo�ether with a1� Offer to Purchase a portion ofthe property located at ] 947 Co�nty Road C W(�'ormer Indian.head T3-ucking Property) (the "Property"), a copy of an appraisal performed by DahIen, Dwyer and Foley, Inc., a three page handout titled "Acquisition Inforrnation fnr Pi•operty Owners," Acquisition and Appraisal Summary showing a value of $1,OS1,SOd and a parcel skete��. We are pieased to accept your offer referenced in the April S, 2009 letter, subject to the foIlowing clarifications and/or modifcations: Demolition. The City of Roseville agrees to pay all casts necessary to comp]etely demolish and remave the building located within the portion oi the Properiy to be conveyed to the City {the "Future Rig}�t of Way") on or before Ju�le l, 2009. Mount Rid�e Road. The City of Roseville agrees al its sole cost and expense to €ake all necessary action (including, �rithaut kimitation, vacation proceedings, written conveyance, iermination of rights) to, on ar before June 1, 2009, vacate the partion of Mount Ridge Raad and any easen�ents focated therein which abut t�ie Property and (ii) cause ownership af one-l�aif of such road to be vested in fee simple in the name of the adjacent property ow�ners ]ocated to the east and west af the road. Fee simple ownership in Mount Ridge Road will be transferred to the adjacer�t property awners without any requirement of payrz�ent ta the City of Roseville. 3. Pond. The City of Roseville agrees to grant a�ld convey to the owner af the Property a perpetual easement %r drainage of stonn water from the portion of the Praperiy that is designated to drain to Langton Lake into any retention pond or ponds constructed on the praperty located to the east of the Property by or at the direction of the City of Roseville. The po��d easement shall be in recordable form and sliall be in a forrr� and content acceptable to the owner of t3�e Property and �