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06/14/99 Hagood/Lot 1, Daley Field Subdivision Offering DocumentJune 14, 1999 City of Kalispell ATTN: City Manager's Office P.O. Box 1997 Kalispell, MT 59903-1997 RE: LOT 1, DALEY FIELD SUBDIVISION OFFERING DOCUMENT Dear Sir: Thank you for sending Kiemle & Hagood Company an Offering Document requesting a proposal to purchase Lot 1. First, allow me to apologize for not responding prior to June 9, as somehow I had it in my mind that a proposal was not due until later in the month of June. As you may know, Kiemle & Hagood Company represented Rosauers Supermarkets, Inc. in the purchase of Lot 2 of Daley Subdivision. Further, as was anticipated in those negotiations and the Development Agreement executed as a partof the closing of that transaction, an entity nowformed by Kiemle & Hagood Company will be purchasing Lot 2 from Rosauers and developing for their long-term occupancy a 50,000 square foot supermarket. Site work on that project is now under way, and building construction will commence in early Septemberwith completion and Rosauers' grand opening scheduled for mid -May 2000. Given both our involvement and Rosauers' future occupancy of Lot 2, we are very interested in the further development of Daley Field with additional B-2 type zoned businesses. Hopefully as a result of the Rosauers project, the City of Kalispell has received proposals on Lot 1 in keeping with your preference to sell the lot to an investor with a specific re -development proposal in hand. We understand and support this requirement and the reason the City does not encourage proposals or offers from developers whose plans are not site -specific. However, in the event you did not receive an acceptable proposal, Kiemle & Hagood Company or principals thereof would definitely have an interest in Lot 1, albeit speculative as to the design and ultimate users. We certainly have enjoyed our working relationship with the City of Kalispell and the many fine employees that we have had an opportunity to meet to date. We look forward to continuing this relationship. Sincerely, KIEMLE & HAGOOD COMPANY Gerald L. Hagood, President bja cc: Glen Neier, City Attorney Professional Real Estate Services Washington Mutual Financial Center, 601 West Main Avenue, Suite 400, Spokane, Washington 99201-0674 (509) 838-6541 FAX (509) 458-4014