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Business Development Services Inc. <br />August 6, 1985 <br />Mr. Myron Harsha <br />Clerk /Treasurer <br />City of Park Rapids <br />Box 33 <br />Park Rapids, MN 56470 <br />Dear Mr. Harsha: <br />On behalf of the City of Little Canada, I want to express their appreciation for <br />your interest in reallocating the Park Rapids Industrial Bond allocation which <br />would be used for the Yorkton Development project. Business Development <br />Services Inc. is working directly with the City of Little Canada and developer, <br />Yorkton Development, for construction of an 85,000 S.F. office /warehouse. <br />Enclosed is a draft of a resolution I would like the City Council to consider at <br />the August 8 meeting. This resolution would be followed by the adoption of a <br />joint powers agreement by the two cities. <br />The resolution indicates an intent on the part of the City of Little Canada to <br />pay a .5 (one -half) percent fee to the City of Park Rapids for the reallocation. The <br />payment of the fee would be forwarded with the joint powers resolution upon <br />approval by the City of Park Rapids. If the attached resolution is adopted by <br />the City Council, please forward a copy to my attention. <br />Please review this information and contact me if you have any questions or com- <br />ments at 1- 800 - 642 -6258. . <br />Sincerely, <br />BUSINESS DEVELOPMENT SERVICES INC. <br />Patrick W. Pelstring <br />Vice President <br />PWP /mc <br />Attachment <br />cc: J. Chlebeck <br />L. Lee <br />R. Berg <br />31 <br />9541 FOLEY BLVD. • COON RAPIDS • MINNESOTA 55433 • PHONE: 612/780 -4040 <br />