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,AIQENHILLS <br /> May 26, 2011 <br /> Jamie Thelen <br /> Sand Companies,Inc. <br /> 366 South Tenth Avenue <br /> P.O.Box 727 <br /> Waite Park,MN 56387-0727 <br /> RE: Arden Village <br /> Dear Mr. Thelen: <br /> Please find enclosed the City's letter of support for the Arden Village development project. The City <br /> understands that this letter is required for your application to the June 2011 Minnesota Housing tax credit <br /> funding cycle. The City Council approved the updated letter of support at its May 9, 2011 regular City <br /> Council meeting. <br /> At the May 9 meeting,the City Council discussed its reluctance to continue supporting the Arden Village <br /> project for an indeterminate amount of time. The financial situation of the City may change. Also, other <br /> projects may come forward which alter the City's current priorities and objectives. Please understand that <br /> the City's current support of the Arden Village project is no indication of continuing support in the future. <br /> Any future change in the City's support could result in the withdrawal of the City's June 14, 2010, good <br /> faith commitment for up to $225,000 of tax increment financing for the Arden Village development. Any <br /> future letters of support should be updated and approved by the City Council prior to submission to any <br /> funding agency. <br /> I wish you success in this funding cycle and hope that this project is able to move forward soon. <br /> Sincerely, <br /> Jill Hutmacher <br /> Community Development Director <br /> Cc: John Belisle,Midwest Housing,LLC <br /> Patrick Klaers,City Administrator <br /> Meagan Beekman, City Planner <br /> Jerry Filla, City Attorney,Peterson,Fram&Bergman,P.A. <br /> Encl. <br /> City of Arden Hills <br /> 1245 West Highway 96•Arden Hills Minnesota 55112 <br /> Phone 651.634.5120•Fax 651.634.5137 <br /> www.ci.arden-hills.um.us <br />