05-09-1994 EDA WS - Laserfiche WebLink

Home Browse Search

BI�IGGS nivn MOAGAN Samantha Orduno Don Brager Jim Casserly May 3, 1994 Page 2 Prior review and approval of the "Construction Plans" (which include the "Design Plans") would also be required, over and above nornaal planning, zoning and building permit requirements. There is also a requirement that the Improvements be owned by Multi-Tech for its occupancy. The C.G. Hill agreement differs in that the principal of the assistance is lower, $196,000, and the term of the tax increment would be six years instead of ten years, applying only for the payable 1996 through payable 2001 tax years. In the coming days I will circulate a proposed general agreement that outlines some basic, non-binding understandings for the build-out of the remainder of the Business Park, including tax increment understandings and conditions. I would ask Jim Casserly to provide the signed or to be signed agreements which Everest has with Multi-Tech and C.G. Hill, respectively. We will also need information on the descriptions of the "Development Property" and, in the case of Multi-Tech, whether the new addition will be built on a combination of newly acquired and existing Multi-Tech property. I think we have all been in general agreement that before these particular agreements are executed or approved we need to come to satisfactory resolution of the park dedication issues, the remaining build-out issues, and any other outstanding matters. We look cooperatively to those ends. o rs very , f � James P. O'Meara JO:cmg Enclosure