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<br />From: <br /> <br />Ed Bu::~ell <br />Fina~ce Director <br /> <br />.d <br />j, ',:. <br />..,. ~..... <br />~' <br /> <br />/~j <br /> <br />.. I <br />Steve Gatli~ / / <br />Director cf Pubi1i works <br /> <br /> <br />Dec~~r 4, 1989 <br /> <br />To: <br /> <br />Craig Waldron <br />Dir~ctor of Cc:rl!:lUnit:y UeI,eloF-<,,€'.1L <br /> <br />Re; <br /> <br />R'~ Jlall Asses~nt. ~equest <br /> <br />We have ~evie~ed th~ request by the D2velu~r fer a5_~ssmen~ of <br />additional constru~~ion costs for the Rosewood Mall. The Cit.y <br />Council has es~abli3hed a p~vir-g management program which p~o- <br />vides for the util~zation of 511 assess~ent. bonding capacity <br />ti'iro..gh 1997. <br /> <br /> <br />On that basis alone, we canno~ recommend to t~e ~anager and <br />Council, that the ~a7in~ m~nagement program be reduced tv provide <br />for the asse$sment request. <br /> <br />In additio~, ~e de have ~cn~erns atJut the use of snecial a5se~s- <br />!Dents to supplant private financing at. a ta~-pay~r subsidIzed <br />ir.terest rate. <br /> <br />Should you need additiona~ in:o~~atian from us regarding this <br />matter, please let us knew. <br />