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MAY- 4 -00 FRI 7:35 PM G. M. DEVELOPMENT <br />FAX NO, 6124249542 P 1 <br />CENTURY FARM <br />Development, Inc. <br />5/4/00 <br />Mary Kay Wyland <br />Planning Coordinator <br />City of Lino Lakes <br />600 Town Center Parkway <br />Lino Lakes, MN 55014 <br />RE: Apollo Business Center. <br />Dear Ms, Wyland, <br />49e_ ki(14 +e_vyl <br />This letter is to inform you that I have had no conversation or discussion regarding a and trade between the <br />Centennial School District and the Apollo Business Center. <br />The possibility of a land trade of residential school land for industrial land would be quite improbable since <br />the values are quite different. Industrial land would have a market value of 3 to 5 times that of the scliool <br />districts residential land. <br />l would also assume that the City of Lino Lakes would not be pleased with the down zone of the industrial <br />land and subsequent reduction in tax base to zero. <br />Once again 1 assure you that no conversation on a land trade has happened. <br />Please feel free to call if you have any more questions. <br />3825 - 85th Avenue North • Brooklyn Park, Minnesota 55443 • 612 - 424 -8559 <br />