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Pu bliCOR P INC. <br />410 Pitlsbuay CENTER (612) 337-9292 <br />MiNNEAPOUS, MN 55402 <br />Decenber 16, 1988 <br />Paae 2 <br />You will note that the return on investment without the City <br />assistance is approximately 3.26%. The return with the <br />assistance is approximately 11.43%. While the basic numbers <br />regarding a proforma will probably change somewhat by the <br />time the project is completed, we believe this proforma <br />demonstrates the affect on the returns to the project if in <br />fact the City assistance is not provided. <br />Bradford Schools is excited and anxious to move forward with <br />the project and therefor has d.:rected us to move ahead as <br />quickly as possible with the development of the Tax Increment <br />process. Please let me know what additional information I <br />can provide and I look forward to meeting with you at your <br />earliest convenience regarding this request. <br />Sincerely, <br />Sidney C. Inman <br />Director <br />Development <br />Enclosures: <br />SCl/jp <br />Consulting <br />various runs <br />cc: Chris Seigle <br />