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6126360183 EVEREST GROUP 097 P02 AUG 19 '97 16:24 <br /> • _ <br /> - <br /> EVEREST DEVELOPMENT, LTD. <br /> A MrMRFR OF THE tVtRtS E CROUP,LTD. <br /> August 19, 1997 <br /> Cathy Bennett <br /> Director of Economic Development <br /> CITY OF MOUNDS VIEW <br /> 2401 Highway 10 <br /> Mounds View, MN 55112-1499 <br /> Re: Building "N" Development Assistance Agreement <br /> Dear Cathy: <br /> I am writing to confirm that the Development Assistance Agreement revised draft dated <br /> 8-14-97 as prepared by City bond counsel, Jim O'Meara, for the noted project is <br /> acceptable to The Everest Group, Ltd., as developer, with the substitution of the date <br /> "December 31, 2002," in Section 3.4 (c). In addition, Exhibits D and E were not <br /> included in our black-lined copy of the 8-14-97 draft and need to be attached to the <br /> final execution draft. <br /> We appreciate your recommendation supporting the revision described above, and we <br /> look forward to review of the Development Assistance Agreement by the EDA at its <br /> meeting next Monday, August 25. We would appreciate it if you would fax us a copy of <br /> the EDA meeting schedule prior to the meeting. <br /> Thank you for your continuing assistance in this matter. <br /> Sincerely, <br /> EVEREST DEVELOPMENT, LTD. <br /> • / <br /> Timothy J. Nelson <br /> TJ N:Ic <br /> 2665 long Lake Road <br /> Suite 330 • Roseville. MN 55113 <br />