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Last modified
2/21/2024 8:44:41 AM
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2/21/2024 8:38:55 AM
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Planning Files
Planning Files - Planning File #
1909
Planning Files - Type
Special Use Permit
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� Brddford Schools, Inc. <br />1 June 8, 1989 <br />1 <br />Mr. Craig Waldron <br />Director of Community Development <br />City of Roseville <br />2660 Civic Center Drive <br />Roseville, MN 55113 <br />Dear Craig: <br />Please regard this as a formal request for Tax -Increment <br />Financing for our proposed project. <br />The basis of our request is to make required soils corrections on <br />the buildings and <br />the site, thereby allowing us to construct <br />f the Minneapolis$ As a <br />parking necessary <br />andacceplege. <br />result of our negotiations, I understand t your <br />requirements that this be in the form of a "pay as you go" <br />arrangement for a period of ten (10) years at $55,00o per year. <br />of approximately <br />This will result in a total net present value <br />the cost of the soils corrections which we <br />$330,000, roughly <br />require. <br />I cannot overemphasize the importance of this assistance for our <br />project. Based on our most recent analysis, it has become clear <br />that this project cannot go forward without Tax Increment <br />Financing. If not for this assistance, we will regrettably <br />abandon the project. <br />As you know, we have invested much time and energy into findir+g a <br />permanent home for this school. it is my hope that we can make <br />that an ongoing <br />this a reality here in Roseville. I believe as <br />to the community. We have <br />institution we are an Basset <br />demonstrated our commitment to our sti-Dents over the years, and <br />consistently strive to deliver the best educational skills and <br />facilities possible. our presence in this proposed facility <br />shouldreflect well on the City of Roseville, provide us with a <br />stronger market position and make us a permanent member of the <br />community. <br />Other benefits to the city should also be noted. Minneapolis <br />Business College will not only employ a staff of 45-60 people, <br />but will also create jobs through training and placement of our <br />students on an ongoing basis. <br />1 <br />
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