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Page Two <br /> Portable Products • <br /> November 12, 1997 <br /> If you are unable to negotiate an expansion option with CalPers, you may wish to consider the <br /> possibility of locating in the proposed `Building N" in the Mounds View Business Park. The City <br /> has recently approved a significant Tax Increment Agreement with The Everest Group for the <br /> development of`Building N" which is approved as a 103,000 sq. ft. facility. Since the City is <br /> providing assistance for the development of the building, the lease rate should reflect the <br /> investment of Mounds View. <br /> The Economic Development Commission will be meeting again on November 20th at 7:30 a.m. I <br /> would be happy to discuss your thoughts or possible alternatives with the Commission at this <br /> time. Please let me know how you would like to proceed. <br /> Sincerely, <br /> 063-41A--r\2764--- <br /> Cathy Bennett <br /> Director of Economic Development • <br /> cc: Dave Maroney, Community Partners <br /> Chuck Whiting, Rick Jopke, City of Mounds View <br /> Patrick Pelstring, Pelstring Capital Corp. <br /> 11 <br />