Wayzata, Minn., Code of Ordinances ch. 813 § 813.04

A declarant of a conversion condominium which has been created or is intended to be created shall give all occupants of the building notice of the conversion, which states the fact of conversion or the intent to convert, at least 120 days before the declarant will require such parties to vacate, or 180 days before this in the case of a unit with an occupant on the date of delivery of the notice who is 65 years of age or older, under the age of 18 or legally handicapped as defined under Minnesota Statutes. Said notice shall be delivered once with respect to each unit and shall have attached thereto a copy of this Chapter and a form of purchase agreement setting forth the terms of sale contemplated by Section 813.05 hereof. No occupant may be required by the declarant to vacate during said 120- or 180-day period, except by reason of nonpayment of rent, waste or conduct which disturbs other occupants' peaceful enjoyment of the premises, or violation of any other term or condition of his lease other than its expiration, and the terms of the tenancy may not be altered during that period. Failure of a declarant to give notice as required by this Section constitutes a defense to an action for possession. After notice of conversion has been given to any unit, the declarant shall thereafter notify any new tenant who leases any unit in the building that the building is or is to become part of a condominium.
The notice referred to in this Section shall state that a Tenants' Association may be formed for the purpose of making an offer to purchase the property which is the subject of the conversion. The provision contained in the preceding sentence does not create a right on the part of the Tenants' Association to purchase the property or an obligation on anyone to negotiate with, finance or arrange financing for or sell such property to the Tenants' Association. The notice referred to in this Section also shall include the following information:
A. A specific statement of the amount of any initial or special condominium fee due from the purchaser on or before settlement of the purchase contract and the basis of the fee;
B. Information on the actual expenditures made for all repairs, maintenance, operation or upkeep of the subject building or buildings within the last three years, set forth tabularly with the proposed budget of the condominium and cumulatively broken down on a per-unit basis in proportion to the relative voting strengths allocated to the units by the by-laws. If such building or buildings have not been occupied for a period of three years, this information shall be set forth for the maximum period such building or buildings have been occupied;
C. A description of any provisions made in the budget for reserves for capital expenditures and an explanation of the basis for the reserves, or if no provision is made for the reserves a statement to that effect;
D. A statement of the declarant as to the present condition of all structural components and major utility installations in the condominium, which statement shall include the approximate dates of construction, installation and major repairs, and the expected useful life of each item, together with the estimated costs (in current dollars) of replacing each of the same.