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Everest Group <br /> Page Two . <br /> 11 19-96 <br /> The EDA is frustrated with regards to the negotiations regarding the project, as is your investor, and feel <br /> that they have taken the extra effort to make this project work by providing an agreement for a longer <br /> term and amount than they would normally consider. They never intended to provide tax increment <br /> assistance that could not be•justified as qualifying costs and feel that this in not an unreasonable request <br /> based upon the tax increment climate at the legislature and State Auditor's office. <br /> Keep in mind that there is only two more meetings, December 9 and December ia, °w-ier7. :L.;,G ,C3 <br /> agreement could be considered by the current EDA. Beginning in January,three new rnem beis viL iill <br /> vacant seats on the EDA and it is anticipated that negotiations on this project would need to begin at a <br /> new level. <br /> Please contact me to discuss the project and how you would like to proceed.CWBe ' ett <br /> ' cerel , f? <br /> Director of Economic Development <br /> • <br /> cc: Chuck Whiting <br /> Jim O'Meara <br />