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1/41 GRIFFIN COMPANIES <br />Tuesday, July 07, 1998 <br />Joel Hanson <br />City Administrator <br />City of Little Canada <br />515 E Little Canada Rd. <br />Little Canada, MN <br />Attachment "F" <br />RE: Comparative Real Estate Tax Analysis <br />Dear Joel: <br />Attached is the market information on space available between 1,000 and 6,000 square feet in <br />the northeast metro market. Kandice I competes directly with these properties for tenants <br />desiring space in that size range. The current taxes on Kandice 1 are finally at a place where the <br />property can compete. Please consider this as you make recommendations to the city council <br />regarding the present TIF agreement. <br />William M. Ostlund <br />Vice President <br />612 - 338 -2828 Fax 612-338-5288 <br />Suite 300, 510 Marquette Avenue, Minneapolis. MN 55402 <br />Page 17 <br />Sent <br />Kx <br />