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o ir o s o SCHOOLM5 f ly i r>«l^ Bli> VUwi l l^. ^5<5e»<m:» 4?V7M <s <br />laJrfVfidini !>MrKi 2^^ Fcnb^ <br />I h* iA* Sa^ctWflrnJk'm <br />Us. lubiistti <br />|yt)dt»i9 ( ZoQlRf Adelalstfiior <br />CUy of Oroao <br />P.O. foK M <br />Crystil Uf, m 55K3 <br />gE; mjRCMASE Of 13 i KH PMZtl MO ICASC 371 ACRES WITH OPTIOR TO PURCHASE <br />Dtir Jtinnt: <br />He f»i»t bfw idvliod by HiUltt Rtolty to eipress In wrUIng to y0« tbf <br />roiion for pyrcHjsIng the 131 teres and lease of 37| acres, with option to <br />i^rchise tddUiwal parcels, rather thin ill th# land at one tloe on an <br />Installacnt contract. <br />The schoo' district cannot porchase on af»i Installnent contract and 1$, <br />therefore, eiarclslng Its right to purchase the tract In separate pa'^cels <br />it have enterid Into an agreenent to purchase Parcel A (131 acres) and also pre <br />sently Inteno to purchase Parcels B, C I 0 (121 acres each) separately as <br />capital funds becoiie available. It Is the present Intent of the Orono School <br />Board to purchase all the land eventual'y. The lease/option agreesent Is for a <br />ten-year period. <br />No developiaent of this land Is contemplated at this time. Its acquisItiQil <br />Is simply part of the long range planning of the school district. <br />Sincerely, <br />ii1 1 iam A. Fenholt <br />Ass't. to the Sup y • <br />WAF:j® <br />cc: Mark Bernhardson, Adainistrator <br />Serving . .Independence-Long Lake —Mapic Flam-Medina-i^linncttmka Beach —Orono <br />All Fxfuai Oppt'rtunily Employer <br />■ r' ■ <br />t-