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If I brush contact aside, won't he think I'm just being rude? I know he wants to remain friends, we always had a great amount of fun outside of work and he is definitely the type of person that I would love to be friends with, except for the emotional ties.
What he may think isn't for you to worry about. You'll have to decide what's best for you in this situation. If you can remain friends with him without the emotional connection then fine. But if it's too much for you to handle then don't do it.