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<br /> -------- <br /> Uv[-UI-jl IUt U~,4~ ri'l WtL~H (,U rH^ f'lU, ~~O II j4 r, U~ - ". <br /> Kevin Ringwald <br /> October 7, 1997 I <br /> Page 2 <br /> .. <br /> In addition, attached hcreto is a memo I received today outlining the description of the recently . <br /> determined extraordinary soil correction work from our Project Superintendent, Jim Todd. <br /> Specifically, the (Bd Air) numbers are as lollows: I <br /> 1 vtal Soil Correction Costs on Lots 1,2 and 3 $272,000 <br /> Total Portion of the Above Soil Correction Work . <br /> which will take place on the Ph..e III Properly $172,000 <br /> Therefore, it appears lhat atleast $172,000 out ofthe tot.l request 01$250,000 ought to be tux . <br /> exempt under state law, but I will leave that to you and your expert$. <br /> Again, I want to reemphasize how much I appreciate the parmership we are experiencing in the . <br /> development of this property, and reemphasize thc absolute neeessity of this aspect of the tax <br /> increment plan for unforeseen unacceptable soils conditions, primarily on the Cily's own <br /> property. . <br /> RHZ:so .. <br /> . <br /> . <br /> I <br /> . <br /> . <br /> . <br /> . <br /> rM~",,,'I...p\~.!.:\ltn.\~OVirl~ld.d(l~ .. <br /> . <br />