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Page 2 <br /> August 5, 1994 <br /> Everest Development <br /> 4 Under no circumstances will the EDA approve TIF assistance for a spec building without prior <br /> knowledge of a long term lease (at least the term of the TIF agreement) with an acceptable, <br /> disclosed tenant. <br /> 4 Ultimately, the EDA would like an owner-occupied building, but understands that under <br /> current economic conditions, a long term lease with an acceptable company may be sufficient. <br /> Tim, Ihope the above parameters are clear and wil-1 assist -veres in a mg a suitable long-term <br /> lease or, better yet, owner-occupied prospect to building N in Mounds View Business Park. <br /> I will prepare a general letter to accompany your proposal for "the company" by early next week <br /> indicating the City's support of quality high tech companies in Mounds View. <br /> If you have any questions please feel free to call me. <br /> Sincerely, <br /> Cathy B ett <br /> Economic Development Coordinator <br /> cc: Casserly Molzahn & Associates, Inc. (Mary Molzahn & Jim Casserly) <br /> City of Mounds View (EDA Board Members) <br /> Briggs & Morgan (Jim O'Meara) <br />