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The Everest Group <br /> Page Two <br /> r 9-3-97 <br /> 1111) <br /> Based on these assumptions which have been sufficiently documented by Everest and verified by City <br /> Staff,the following is the calculation for park dedication due for Building N. <br /> Total Gross Area Building N: <br /> 300,128 sq.ft.x$2.05=615,000 x 10%=$61,500 <br /> Minus credit for prior cash dedication for area included in plat <br /> 93,220 sq.ft.+ 101,886 sq.ft. = 195,106 x SO?0=39,020 x 10%=$3,902(Program Land Add) <br /> 5,781 sq.ft.x S1.43 =8,267 x 10%=$827(MV Business Park East Oudot A) <br /> Total Due for Park Dedication: <br /> $61,500-($3,902+$827)=$56,771 <br /> Upon written confirmation that payment will be made to the City of Mounds View in the amount of <br /> $56,771 for park dedication fees in relation to the plat for building N, I will schedule consideration of <br /> the Development Assistance Agreement for EDA action ar the next possible regular meeting. If you <br /> have any questions feel free to contact me at my direct number 717-4002. <br /> Sincerely, <br /> f"L'I/L <br /> 72€41"-4)6S--- <br /> yB ett <br /> EDA Executive Director <br /> cc: EDA Board Members <br /> Chuck Whiting, City Administrator • <br /> Tun O'Meara, Briggs&Morgan <br /> Jun Ericson, PIanning Associate <br /> Bob Long, City Attorney <br />