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<br />o. Land Purchase Price. Purchase price of land for each use will be reviewed and must be <br />shown to be at market and similar to what other projects are paying. <br /> <br /> <br />Mike Momson - Northwest Quadrant Redevelopment <br />September 17, 2003 <br />Page 8 <br /> <br />p. "But For" Analvsis. Ehlers recommends that prior to final determination of Tax Increment <br />assistance that will be provided that a "But For" analysis be preformed to ascertain <br />appropriate level of assistance. <br /> <br />The elements of this transaction are within industry standards that Ehlers and Associates have seen <br />within the Metropolitan Area on these types of developments. At this time, we anticipate that a final <br />Development Agreement will be brought before the City Council and HRA in October for <br />consideration and approval. Please contact Sid Inman or I at 651-697-8500 with any questions. <br /> <br />cc: Jeny Gilligan - City Attorney <br />File <br />