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<br /> UV I-UO-~ { WLU Uq, ~4 n'I W~L~M C,U "j^ I~U. jLOII...14 r, uc . <br /> I11III Companies <br /> , . <br /> CUlI\pl'elt.ea.~i"ot Re..1 ElI'tdc SCn'lcOl' . <br /> tl2Q(l N ornu.nd.011e Doulevn.rd. Sui to: 200 -. <br /> Mit'1l\c:30'Po1i!. Mi.nMi!lota SS4.31~1060 <br /> 611.89'.71\1Q }':uS91.'704 <br /> . <br /> understand it, is approximately $305,000. The rest of the roadwork ean be completed . <br /> in the early spring. <br /> In any event, we need to figure out a way to get the utility work started, and, as we . <br /> suggested yesterday to Bob Digke, we would be willing to allow that a protccUve <br /> special assessment be placed againstlhe Zalke and Pentair parcels in order to secure <br /> the payment of this utilities work until the bonds arc issued. <br /> 4_ OoginR_ At this point, I am working with a number of people, including the Sellers, . <br /> the banks and institutional investors, to move our actual closing to October 31,1997 in <br /> order to accommodate the Naegele problem. . <br /> 5. Park Dedication. I believe we have the park dedication issue resolved, but I om still <br /> awaiting numbers from Mr. Kretman to confirm Lhat we won't have any big surprises <br /> on this. . <br /> 6. Tax In(rem~nt. Finant:ing Plan. Per my memo to Kevin yesterday (copy attached), I <br /> have attempted to document the unpleasant surprises we have had rc>garding soils _. <br /> conditions, particularly on the Kern Milling property. I know Kevin is out of town, <br /> but I think it would be productive for us to get together to confirm this_ A. r havc <br /> indicated, we would be more than happy to increase the assessment agreement in <br /> order to cover unfunded cost9., to tne extent they arc included in the tax increment . <br /> district. At this time thcrc appears to be a "must do" for approximately $250,000 total, <br /> in order to keep each and every phase of the development feasible. <br /> Please let me know when we can all get together eithcr by phone or in person to go . <br /> through these mallers as well as the updated status of the other maLtel'S contained ill my <br /> September 23, 1997 memo to Kcvin. <br /> . <br /> . <br /> . <br /> . <br /> . <br /> t:\U~~"lop\.f:tJrl'll\1Wri~n;:;.do<: -- <br /> . <br />