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Business Development Services, ;tic. <br />MEMORANDUM <br />TO: Little Canada City Council <br />FROM: Patrick Pelstring, Business Development Services, Inc. <br />DATE: October 4, 1990 <br />RE: LEB DEVELOPMENT - -PHASE II <br />INTRODUCTION <br />LEB Development is currently under construction on the first project in the <br />Country Drive redevelopment project. At this stage, they have achieved a <br />pre - leasing level of approximately 70 percent on the second building and are <br />requesting the preparation of a Development Agreement for this project, <br />consistent with the Letter of Intent. <br />PROJECT OVERVIEW <br />LEB Development is proposing the acquisition of a 53,825 square foot site. <br />The site will be redeveloped, including the demolition of the existing house <br />and garage. LEB has received approval for the construction of a 19,000 <br />square foot office /showroom facility on this site. <br />Page 14 <br />IiS, <br />r,);hi `II )( l I Dfivn W< litrr''if104Iv1iilili?11 <br />III (.1; 1`l. INI71 ,t <br />