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IODS <br />- — _ __- - --- -- __---BusinessDevelopment Services Inc. <br />1 <br />C! <br />July 5, 1989 <br />Mr. Craig Waldron <br />Director of Economic Development <br />City of Roseville <br />2660 Civic Center Drive <br />Roseville, MN 55113 <br />RE: TAX INCREMENT FINANCING ASSISTANCE --PAVILION PLACE <br />Dear Mr. Waldron: <br />On behalf of the Welsh Companies, Inc., we have prepared the <br />attached request to assist with the expansion of the Pavilion <br />Place project in Roseville. <br />The developer originally did not anticipate the need for City assistance to complete this project. The acquisition costs of the <br />existing homes, however, have resulted in excess project costs. <br />At this time, these excess costs make the project financially <br />unfeasible. <br />We have prepared these materials to detail the proposed project <br />and the anticipated City assistance. Your consideration of this <br />information is appreciated. <br />Sincerely, <br />BUS'fNRSS DFVELOPMFNT SFRVICFS INC. <br />Patrick W. Pelstring <br />Vice President <br />PWP/lc1 <br />Attachments <br />N'1 0 1NNEAPOUS SIN S5433 a PHONE: 619/786.61S1 <br />OM SPAINOBAOt3K DONE • SUfTE �PM, <br />