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CITY OF REQUEST FOR COUNCIL CONSIDERATION Agenda Section 5 <br /> • <br /> STAFF REPORT Report Number:96-1915WS <br /> GUMS Report Date: 11/26/96 <br /> ;� WORK SESSION MEETING DATE <br /> December92, 1996 <br /> "�,, a <br /> o8rejr'Partnetsk4' <br /> • <br /> Item Description: Discussion of Everest's Most Recent Response Regarding Building N <br /> Administrator's Review/Recommendation: <br /> -No Comments to supplement this report <br /> -Comments attached. <br /> Explanation/Summary(attach supplement sheets as necessary) <br /> Summary: <br /> Everest has provided each one of you with a lengthy response to the EDA's final proposal regarding a tax increment <br /> assistance package for the development of Building N. <br /> This information does not bring us any further on a resolution for the project even though the EDA clearly identified <br /> our final offer in my letter to them dated November 19, 1996. I discussed some of the items with our Bond Counsel <br /> Jim O'Meara and he is not even aware of the Roseville projects. Contrary to Everest's accusations, lawyers within <br /> firm do not typically consult each other on the projects they are working on for different clients. Mr. O'Meara <br /> contends that he is only making recommendations that would be in the best interest of the EDA regarding this <br /> particular project. It is the EDA's right to agree or disagree with those recommendations. I know that Roseville's <br /> ikects are much more costly and difficult to market due to the severity of hazardous substances and costs to <br /> olish structures and prepare the land. What should be remembered is that each agreement must be reviewed <br /> separately not in a vacuum with other communities and other projects. <br /> I put this on the agenda to clarify if the EDA would like to take any additional action or stand firm on our final offer <br /> regarding Bldg N assistance. <br /> Please contact me if you have any questions regarding the information Everest provided on November 22, 1996. <br /> Ogi &-/A4V-4--- <br /> Cathy Bennett, rector of Economic Development <br /> • <br />