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MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />515 Little Canada Road, Little Canada, MN 55117 -1600 ADMINISTRATOR <br />(651) 484 -2177 / FAX: (651) 484 -4538 Joel R. Hanson <br />Email: cityhall @ci.little- canada.mn.us <br />MEMORANDUM <br />TO: Mayor Fahey & Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: September 8, 2000 <br />RE: TIF Note for Good Year Project <br />Attached is the TIF note for the Good Year project as developed by Little Canada North LLC. <br />Subject to the receipt of some additional documentation required by the development agreement, <br />I am recommending the issuance of this note to be effective on September 15, 2000. The rate of <br />interest is 11% (prime plus 1 V2 %). All other terms and conditions have been complied with. <br />cc: Reg Plowman <br />4 <br />\ \CLCSRV01 \ HOME \KrisP \CORRESP\2000 \TIP Note. Page 40 <br />