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<br />, . <br /> <br />, <br /> <br />'0' <br /> <br />· An agreement in principle that Arden Hills will provide a Tax Increment <br />Financing (TIF) district for future Guidant expansions that may occur and that <br />will meet the "but for" clause in the TIF legislation. Under any future TIF <br />approval with project investments by Guidant, Guidant will agree to an incentive <br />of only 50% of the total increment to be used for on-campus Guidant eligible <br />expenses. This would allow the remaining 50% of the increment for Arden Hills <br />to be utilized for public infrastructure improvements to alleviate traffic concems <br />near the Guidant campus. <br /> <br />. <br /> <br />This request for assistance is purely within the spirit of cooperation and hopefully <br />indicates our willingness to only ask for a "fair deal". This request also hlllt no <br />bearing on Guidant's previous commitments in the PUD development agreement of <br />$600,000 in public street and traffic light improvements, as well as $350,000 for a <br />public park structure. <br /> <br />Should you wish to discuss this request for assistance, please contact Mr. Gillman. <br />We look forward to seeing you Tuesday on our campus. As timing is very important <br />to us, we respectfully request your input the week of March 101h so that the tax <br />abatement public hearing can take place at the Arden Hills City Council meeting on <br />March 31, 2003, along with other Guidant agenda items. <br /> <br /> <br />~L ' <br /> <br />. <br /> <br />Davl Reimer <br />Director of Facilities <br />Guidant <br /> <br />cc: Gregg A. Gillman <br />Aaron Parrish <br />Mark Lofthus <br />Gene Goddard <br /> <br />. <br />