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February 16, 1988 <br />Mr. Craig Waldron <br />City of Rosevi3.le <br />2660 Civic Center Drive <br />Roseville, MN 55113 <br />Dear Craig: <br />I have enclos�d a copy of our projected real estate taxes <br />and guarantee payments for the February 1, 1988 <br />Determination n�te as required in accordance with our Fi�st <br />Amendment to Develo�ament A,greem�ent dated Jun� 17, 1967. We <br />have determined that it appears there will be sufficient <br />real estate taxes and guarantee payments �o cover the <br />amounts guaranteed by the Develop��, tk�us resultinq in no <br />additional requirec� deyelopment as of July 1, 1988. <br />Pleas� review our enclosed compu�ations and send me a <br />letter ackno�aledging your approv�l. If you have any <br />questions, please call me. <br />Sincerely, <br />td�^ r ���. <br />Susan J. Norstrom <br />Trea�urer <br />SJN:lml <br />Enclosures <br />! � <br />.�r.'nr's2.�� � � <br />. <br />Woodbridge Properties, Inc. • 320 Woodbridge Plaza • 10201 Wayr_ata Boulevard • Minn�tonka, Minnesota 55343 (G12) 541-1000 <br />