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— Y <br /> ANTHONY PROPERTIES <br /> • Real Estate Development &Investment <br /> 12770 Coit Road,Suite 1170 • Dallas,Texas 75251 <br /> July 28, 1997 (972)991-4484•Fax(972)991-4494 <br /> Mr. Charles S. Whiting Via: Fax& Airborne Express <br /> City Clerk- Administrator <br /> City of Mounds View <br /> 2401 Highway 10 <br /> Mounds View, MN 55112-1499 <br /> Re: Mounds View, Minnesota <br /> Dear Chuck, <br /> As you know, Anthony Properties has worked through the City of Mounds View to successfully <br /> rezone the O'Neil tract, south of City Hall. We are now working in concert with the City and <br /> MNDOT to obtain approval for a loop road which should connect Edgewood Avenue to Long <br /> Lake Road. Shorty after obtaining MNDOT approval for our signalized intersection we hope to <br /> begin construction. <br /> • Through our development efforts to date, I believe that we have developed an excellent working <br /> relationship with the City, City Council and city staff. Recognizing our past achievements and <br /> track record of previous developments, I ask that Anthony Properties be named as the designated <br /> developer to work with the City on an exclusive basis for a nine month term to develop the <br /> Mounds View Community Center(Old Bel-Rae Ballroom property). We understand that the City <br /> hopes to realize tax increments financing(TIF) benefits from this property and we are confident <br /> that we can facilitate this. We further believe that there are benefits to developing this tract in <br /> harmony with the theatre property and city property associated with the realignment of <br /> Edgewood. <br /> Finally, we request an agreement which addresses previous discussions of swapping our property <br /> to be dedicated as part of the loop road for the abandoned triangle of City property bounded by <br /> Highway 10, the current Edgewood Avenue and proposed new Edgewood Avenue. <br /> We will be glad to provide additional information or references at your request. <br /> Sincerely yours <br /> z:: .......\..o.,_za_"_..A_. s..__________, <br /> R. Jay An <br /> • RJA/clw <br />