Laserfiche WebLink
TO: Joseph Chlebeck <br />FROM: Dan Wilson <br />DATE: 5 August 1987 <br />RE.: Thunder Bay TIF <br />MEMORANDUM <br />FILE NO: 758.09 - 87.45 <br />• <br />northwest <br />associated <br />consultants, inc. <br />(612) 925 -9420 <br />)4axbcmlmmmmx mXDGV1xxcex21$ ®. minneapohs, mn 55416 <br />4601 Excelsior Blvd. #410, <br />There seems to be growing confusion around the establishment of Little <br />Canada's first tax increment district. Your project was initially set up and <br />still remains a very straight forward and simple tax increment project. <br />Because of your ability to borrow funds from the general fund, this project <br />does not require a bond sale. <br />The fact that there is no bond sale is the reason bond counsel has not been <br />involved in this project. Bond counsel provides an opinion on the bonds pro- <br />posed to be sold. No bonds means no need for an opinion on the bonds. <br />This does not mean you cannot ask them to review the TIF plan, if you would <br />feel more comfortable with their input. To that end, I have had two telephone <br />calls with Ms. Mary Ippel at Briggs and Morgan about the project and the <br />proposed plan amendment. <br />If you desire additional input from bond counsel, your local attorney or anyone <br />else just let me know. I am available to meet and explain the project to <br />anyone you desire. <br />DW /jj <br />Page 18 <br />WHITE - ORIGINAL YELLOW - FILE COPY PINK - C FILE <br />AUG 6 198' <br />CITY OF <br />LITTLE C:Ai4AD ?. <br />Oq <br />