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Gardner Bros. Homes <br />April 11, 1988 <br />Page 4 <br />This project clearly meets our previous discussions concerning <br />the appropriate use of Tax Increment Financing. Gardner Bros. <br />Homes is an existing local company which is a major employer of <br />the City. They intend to construct a quality office building <br />which will be setting a standard for future development in the <br />area. In addition, the location of this office building will <br />serve as a catalyst for other firms to locate within the <br />building and the surrounding area. The overall economic <br />benefits for the community will be substantial. <br />PWP /ld <br />Page 7 <br />