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eV I e ,AINNESO TA 55 1 13 <br />7bbU CIVIC CENTER bRJJE r.-r.CC� JioQNL' �f84.33' 1 OS <br />July 9, 1987 <br />Ms. Sue Norstrom <br />Woodbridge Properties, Inc. <br />320 Woodbridge Plaza <br />10201 Wayzata Boulevard <br />Minneapolis, MN 55343 <br />Dear Sue: <br />This letter is to confirm our conversation in which I stated <br />that the City will not require an initial Assessment Agreement in <br />the range of $6 million. The City will require that the first <br />Assessment Agreement properly reflect the amount that would be <br />required for Woodbridge tomeet <br />initialobligations <br />anticipatedmd <br />Development Agreement for the <br />incre- <br />ment. <br />Please contact me if you desire additional clarification. <br />Sincerely, <br />Craig A. Waldron <br />Director of Economic Development <br />