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February 5, 1999 <br /> EVEREST DEVELOPMENT, LTD. <br /> A MEMBER OF THE EVEREST GROUP,LTD. <br /> Rick Jopke <br /> Community Development Director <br /> CITY OF MOUNDS VIEW <br /> 2401 Highway 10 <br /> Mounds View, MN 55112-1499 <br /> Re: Revisions to Building "N" Development Assistance Agreement <br /> Dear Rick: <br /> In connection with the recent City Council approval of an alternate site plan for a 69,582 SF <br /> office/flex development on the Building "N" site, I am writing to request corresponding changes <br /> in the approved Building N Development Assistance Agreement. The requested changes are <br /> not substantive and mirror the alternate site plan approval. <br /> The requested changes are as follows: <br /> 1. In Section 1.1. expand the definition of "Improvements" as follows: <br /> "Improvements means the approximately 97,463 SF building which may be constructed <br /> by the Developer as manufacturing/warehouse/office facilities, or an approximately <br /> 69,582 square foot building which may be constructed by the Developer as <br /> office/flex/service facilities to be located on the Development Property..." <br /> 2. Similarly, Exhibit C, the Certificate of Completion should be revised in the first paragraph <br /> to describe the "Improvements" as "an approximately 97,463 square foot <br /> manufacturing/warehouse/office building, or, alternatively, an approximately 69,582 <br /> square foot office/flex/service building..." <br /> 3. Section 2.2. (a) should be revised, in the first sentence, to provide that "the Developer is <br /> a general partnership duly organized existing, and in good standing under the laws of <br /> the State of Minnesota". <br /> 4. Section 6.2. (a) should be revised to indicate Jeffrey L. Nielsen is the General Partner, <br /> not the President, of Michael Investments. <br /> Please review the requested revisions with Mr. O'Meara and call me to discuss the process for <br /> amending the Agreement. Thank you for your assistance. <br /> Sincerely, <br /> EVEREST DEVELOPMENT, LTD. <br /> imothy J. Nelson <br /> TJ N: <br /> LetFeb5 2665 Long Lake Road <br /> Suite 120 • Roseville, MN 55113 <br /> (651)636-5500 Fax:(651)636-0183 <br />