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Little Canada Mayor and City Council <br />16 July 1986 <br />Page Two <br />Given the above considerations, plus the very negative real estate development <br />implications of the new federal tax law, the City will have to make a policy <br />determination as to whether developer assistance, to the full extent possible, <br />achieves positive long range benefit to the community and area in question. As <br />a point of fact, we would anticipate that should the present Kennedy proposal <br />not be realized in some fashion or another at this time, the likelihood of <br />accomplishing a redevelopment of this area probably will be lost for a long <br />period of time. <br />I will be available to discuss this matter further at your meeting on 23 July. <br />cc: Joseph Chlebeck <br />Tom Sweeney <br />44 <br />