Laserfiche WebLink
P�n�_�..,so�s of a4i�icultural p,�,d�cts <br /> � ADM <br /> ARCHER DANIELS MIDLAND COMPANY BOX 1470 DECATUR, ILLINOIS 62525 TELEPHONE: 217/424-5200 <br /> EXECUTNE OFFICES <br /> December 8, 1998 <br /> City Clerk <br /> City of Decatur <br /> #1 Gary K. Anderson Plaza <br /> Decatur, IL 62523 <br /> Ladies and Gentlemen: <br /> This letter constitutes a non-binding preliminary indication of interest on behalf of <br /> Archer-Daniels-Midland Company ("ADM")to purchase the real estate more particularly <br /> described on Exhibit A attached hereto and made a part hereof, including the <br /> improvements located thereon(collectively, the "Real Estate"). <br /> 1. As a preliminary indication of interest, ADM is prepared to pay a cash purchase <br /> price of Twenty Million Two Hundred Thousand Dollars ($20,200,000). <br /> 2. Completion of this transaction would be subject to execution of a definitive <br /> agreement, satisfactory results of ADM's due diligence, receipt of all necessary <br /> regulatory or governmental approvals, and approval of ADM's Board of <br /> Directors. <br /> 3. ADM would expect to perfarm such due diligence as is typical in transactions of <br /> this nature. <br /> V ery truly yours, <br /> ARCHER-DANIELS-MIDLAND COMPANY <br /> By: � � <br /> Title: ' ,� �Fv <br />