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Mayor & City Council <br />April 9, 1999 <br />Page 2 <br />attorney's fees, city administrative time, appraisals, and relocation benefits (if any). They would <br />also be responsible for all site development costs associated with this project. The end result <br />from the City's standpoint would be no financial participation in this project. A development <br />agreement more clearly specifying the relationship to exist would need to be prepared for <br />commencing the eminent domain process. A letter of credit ensuring no financial risk for the <br />City is also necessary. <br />The Council will have to discuss this matter from a policy standpoint as to your interest in <br />participating in this project. Please let me know of any comments or questions you may have in <br />the meantime. <br />JRH:kpp <br />Enclosures <br />cc: Perry Linn <br />Jay Reiling <br />Paul Anderson <br />Doris Klein <br />Page 2 <br />