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` t? 29(1/4 `CJanaa�fe <br />N <br />515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 -4538 <br />February 18, 1994 <br />TO: Mayor Hanson and Members of the City Council <br />FROM: Joel R. Hanson, City Administrator <br />RE: Presbyterian Homes TIF Note <br />MAYOR <br />Raymond G. Hanson <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R. Hanson <br />Presbyterian Homes is requesting the issuance of their Tax <br />Increment Financing note pursuant to their development agreement <br />dated October 21, 1992. I am still in the process of reviewing <br />their documentation. However, I would assume that any questions <br />will be resolved prior to Wednesday's meeting so that the note <br />could be approved for issuance at that time. <br />Page 73 <br />