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<br />. Casserly Molzahn & Associates, Inc. <br /> 215 South 11th Street, Suite 300 . Minneapoli5 . Minnesota 55403 <br /> Office (612) 342-2277 . Fax (612) 332-4765 <br /> MEMORANDUM <br /> TO: City of Arden Hills <br /> Attention; Mayor <br /> Council Members <br /> FROM: James R. caSSerlY~ <br /> Mary E. Molzahn <br /> DATE: June 22, 1992 <br /> RE: Cottage Lifestyles, Inc. Senior Housing Project <br /> ---------------------------------------- <br /> ---------------------------------------- <br />. I spoke with John Arkell on Tuesday, June 16, 1992. I explained <br /> to Mr. Arkell that the City was comfortable with the proposed <br /> land use for this site, but the Council was concerned about the <br /> amount of tax increment that had to be invested. I told John we <br /> needed to have some room to negotiate on the level of tax <br /> increment and at this time we did not anticipate providing 100% <br /> of it, John Arkell understands our position and will work with <br /> us to minimize the tax increment investment. Until we are <br /> farther along on the project, I have no idea what level of tax <br /> increment is necessary to make the project work. <br /> In any event, John Arkell will proceed with the planning of this <br /> project, In about six weeks he will be approaching the City <br /> regarding the public finance provisions. If anything further <br /> needs to be done, please let us know. <br /> JRC,MEM/db <br />. ~ &/~~htJ, <br /> .~:c <br /> et ~"~i <br /> 1/1 uwr-- <br />