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1'1 <br />Yorkton <br />1690 University Avenue, St. Paul, Minnesota 55104 • (612) 484-9000 <br />April 4, 1985 <br />City of Little Canada <br />515 Little Canada Road <br />Little Canada, Minnesota 55117 <br />Honorable Mayor and Council Members: <br />This letter is to inform you of our desire to use the allocation <br />of the I.R.B. Funds for the year of 1985 as discussed in the <br />council meeting in February of this year. <br />I have spoken to Briggs & Morgan and am informed that my out- <br />standing resolutions currently existing are still in force and <br />therefore there is no need for any further action of behalf <br />of the council, except to formally agree to allow me to use <br />the 1985 allocations. It is my understanding that the amount <br />for 1985 is $1,166,000.00. <br />We will be proceeding with the proposed buildings in Yorkton <br />Industrial Park North Phase II and we will need all of the funds <br />allocated. <br />We further agree to pay the deposits necessary after September 1, <br />1985, in order to attain allocations as required by statute. <br />If you have any further questions in regard to this matter, <br />please do not hesitate to call. <br />0. Larry Lee, President <br />OLL /kba <br />cc: Trudy Halla, Briggs & Morgan <br />Ron Berg, Miller Securities <br />Industrial • Commercial • Investment • Residential • Property Management <br />