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f r,' ;� <br /> yid <br /> PELSTRING CAPITAL CORPORATION <br /> 4205 Lancaster Lane North t@ Suite 1100*Minneapolis, MN 55441 <br /> October 6, 1997 <br /> Ms. Catherine Bennett <br /> Director of Economic Development <br /> City of Mounds View <br /> 2401 Highway 10 <br /> Mounds View, MN 55112 <br /> Re: City Assistance <br /> Fiskars/Sims Deltec <br /> Dear Ms. Bennett: <br /> On behalf of LaSalle Advisors/CALPERS I appreciate your consideration, on the <br /> behalf of the City of Mounds View, to assist with the expansion of Fiskars and <br /> Sims Deltec. <br /> As you are aware, Fiskars/Portable Products currently occupies approximately <br /> 50,000 square feet in "Building A" in the Mounds View Business Park. <br /> Fiskars/Portable Products has enjoyed rapid expansion and is seeking the ability <br /> to add another 40,000 square feet and, eventually fully occupy the 113,000 square <br /> feet of the building. Unfortunately, Sims Deltec currently has a long-term lease <br /> and occupies the space sought by Fiskars. Additionally, Sims Deltec has invested <br /> over $700,000 in leasehold improvements which is a major obstacle for their <br /> ability to vacate their space. <br /> On behalf of CALPERS, this application represents a request to provide City <br /> assistance, supported by your TIF program, to reimburse Sims Deltec for these <br /> costs to facilitate the relocation of Sims Deltec and the expansion of Fiskars. Both <br /> companies provide significant, high quality jobs for the City of Mounds View. <br /> Your assistance will be required to assure the job retention and potential future <br /> growth of these companies. <br /> • <br /> (612) 550-7980G)r(0800-642-6258���(612) 550-9221 FaxG)*tD pelstring@earthlink.net <br />