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March 30, 1988 <br />Stephen Grittman <br />Northwest Associated Consultants, Inc. <br />4601 Excelsior Boulevard <br />Suite 410 <br />Minneapolis, MN 55416 <br />Business Development Services Inc. <br />RE: YORKTON DEVELOPMENT /R. L. GOULD TIF REQUEST <br />Dear Mr. Grittman: <br />Attached for your review is the preliminary report on the Yorkton <br />development project for Little Canada. The economic development <br />committee considered this report at their meeting Tuesday, March <br />29, and authorized your company to begin preparation of a Tax <br />Increment Financing plan. <br />The report outlines different alternatives for the final struc- <br />ture, however, the committee did not indicate any specific pre- <br />ference. I would suggest that you contact Mr. Lee's office at <br />484 -9000 to initiate negotiations of the final structure of the <br />assistance. Mr. Lee has indicated he will need to begin <br />construction in 45 to 60 days. <br />Please review this information and feel free to contact me should <br />you have any additional questions. <br />Sincerely, <br />BUSINESS DEVELOPMENT SERVICES INC. <br />Patrick W. Pelstring <br />Vice President <br />PWP /mc <br />Enclosure <br />cc: J. Chlebeck <br />M. Fahey <br />Page 35 <br />8990 SPRINGBROOK DRIVE • SUITE 230 • MINNERPOUS, MN 55433 • PHONE: 612/786.6151 <br />