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WALL COMPANIES 3670 IDS Center, 80 South Eighth Street/Minneapolis, Minnesota 55402 <br />(612) 333-1663 Fax (612) 333 -1877 <br />March 23, 1997 <br />Mr. Joel Hanson, Administrator <br />City of Little Canada <br />515 Little Canada Road <br />Little Canada, Minnesota 55117 <br />Re: Downtown Development Proposal <br />Dear Mr. Hanson: <br />We are pleased to submit the enclosed preliminary proposal for the Downtown Little Canada <br />Redevelopment Project. This proposal suggests that the site be developed to include extensive public <br />use space, destination retail, office, and residential. <br />Please note that we prefer to be involved in the development of the entire project. However, we feel <br />that we can work as a part of a team that may also include another developer for a part of the project. <br />We feel that there are a number of reasons why Little Canada should consider The Wall Companies for <br />this project. These include: <br />1. Strong experience in Destination Retail. Our team members have been involved in developing <br />many of the premier destination retail projects in the Twin Cities including Victoria Crossing in <br />St. Paul and the 50 and France area in Edina. <br />2. Financial Strength. The Wall Companies is very able to deliver and manage a project of this <br />nature. Over the years we have developed over 100 million dollars worth of projects and we feel <br />very comfortable in committing to a project of this nature. <br />3. Community Orientation. We enjoy community interaction and we feel that this project <br />especially must reflect the needs and interests of Little Canada. We are looking forward to <br />meeting with local business groups to discuss this project. <br />Page 7 <br />