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THlS IS <br /> IT . . . . <br /> For the Week of December 5 - December 9, 1994 <br /> ADMINISTRATION <br /> ADMINISTRATION <br /> MERMAID PROPOSAL <br /> This week, Cathy and I met with Charlie Hall, Dan Hall and Barb <br /> Haake in regards to Charlie's proposal to build a conference <br /> center and possible hotel adjacent to his current building. <br /> Charlie wanted to get a better understanding of Rice Creek <br /> Watershed's restrictions, rules and general philosophy in regards <br /> to his proposal. Barb was very receptive to the idea of Charlie <br /> and Dan attending an informal work session of the District to <br /> present his preliminary proposal. The purpose of the meeting <br /> would be for Charlie and the Board to "get a feel" for the <br /> proposed project and discuss the District's position as it would <br /> relate to the drainage and ponding issues. <br /> Charlie and Dan remain very excited about the project and are <br /> pursuing all the necessary preliminary steps before investing <br /> additional money into plans and financial pro formas. <br /> The proposed project involves the acquisition and relocation of <br /> the rental business and could also involve acquisition and <br /> relocation of the antique store. Charlie is aware that any tax <br /> increment assistance would require that the project pay for <br /> itself in terms of sufficient increment generated to repay any <br /> "qualifying expenses" . <br />