Laserfiche WebLink
<br />, <br />" <br /> <br />'.. <br /> <br />GUIOANT <br />. <br /> <br />RECEiVEO <br />MAR 1 1 2003 <br /> <br />CITY OF ARDEN HillS <br /> <br />March 10, 2003 <br /> <br />Honorable Beverly Aplikowski <br />City Hall <br />1245 West Highway % <br />Arden Hills, MN 55112 <br /> <br />Re: Guidant Expansion Project <br /> <br />. <br /> <br />I want to begin by thanking the City of Arden Hills Officials for their partnership. <br />Guidanthasenjoyedapositiverelationshipwitli'Cicy Council, staff, neighbors and the <br />community at large, Our goal is to continue that Te!atio~ship.: ' . "" ' <br />,:, . ".', ,",":-," .~<, J-_~ :1.: :~. :); ,::~i '~..:' <br /> <br />As you know, we have engaged the services of Gregg Gilltllan, a Professional Site <br />Selection Consultant with Colliers Turley Martin Tucker, to investigate any cost-saving <br />incentive programs applicable to Guidant, from the State of Minnesota. City of Arden <br />Hills and County of Ramsey, Today's business world and competing environment <br />dictates that Guidant explore cost-saving measures where possible. Guidant has pumped <br />tens of millions of dollars into the state and local economy over the past several years <br />without public financial support, Guidant is a strong company; however, staying <br />competitive with the market is of interest to us. Guidant is often looking for the "best" <br />location for our expansion facilities, with "best" being described more and more as <br />meaning "most cost effective". <br /> <br />Guidant's approach through Mr. Gillman's efforts has been to seek out programs and <br />incentives that are legislatively possible from state and local units of government. Based <br />on this philosophy and Mr. Gillman's input, as well as being respectful of City Council's <br />concerns regarding timing, Gnidant's specific request for financial assistance from Arden <br />Hills as follows: <br /> <br />. <br /> <br />. A 10 year tax abatement on a $22 million'.investmeht(tra1ningcenterand R&D <br />facility) with 75% of the increased tax base going to Guidant for on-campus <br />infrastructure improvements, aild the other 25%io support public)nfrastructure of <br />immediate importance to Arden HiIls-officials..":';' '::,;' . _' .'," .. . <br />> , ._. . ". " 1. ,.;' ; "'.-: . <br /> <br />Guidant Corporation <br />4100 Hamline Ave. North, St. Paul, MN 55112-5798 <br />TeI651.582.4000 Fax 651.582.4166 <br />