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September 28 , 2009 <br /> Desaree M. Crane <br /> Assistant City Clerk-Administrator <br /> 2401 Highway 10 <br /> Mounds View, MN 55112 <br /> RE : Delinquent Taxes <br /> 2400 County Highway 10 <br /> Mounds View, MN 55112 <br /> Parcel : 08 . 30.23 .24.24. 0059 <br /> I appreciate the opportunity to discuss our position with regards to delinquent property <br /> taxes . I recognize that we have not honored our previous plan and I would like to outline <br /> a plan that I am confident will work and maybe explain what happened regarding our <br /> previous plan. <br /> I based the previous plan on our current sales base at the time, since that time we have <br /> experienced a decrease in sales by 30% per week or in excess of $ 10,000 per week. This <br /> represents a $40,000 per month decrease in sales and with this decrease the ability to pay <br /> "past due" bills have been overwhelmed with the need to stay "current" with vendors to <br /> support our current sales base. We have made some payments to property tax but we have <br /> been unable to achieve our desired intent to be current as of October 1, 2009 . <br /> My "Proposed Plan" as of October 1 , 2009 : <br /> I ain requesting an extension to May 1 , 2010 to become ` current" with our property taxes . <br /> We have gotten current with the parking lot portion of our property and we will be <br /> paying another $ 13 ,000 (which we have on reserve) to Ramsey County over the next 60 <br /> days . Effective December 1 , 2009 we will be paying $7,500 per month to Ramsey <br /> County (I can copy you on all payments made if you so desire) until May 1st. This will <br /> bring us current (excluding the pending payment due on May 15th) <br /> I am confident we can honor this plan because our sales have begun to "come back" and <br /> October through December is usually the best 3 months of the year. In addition, our <br /> catering business has begun to grow and we have some events scheduled at the Mounds <br /> View Community Center that will help as well. This in addition to the business we have <br /> landed with the University of Minnesota and at the "New" TCF Bank Stadium, I <br /> anticipate a very prosperous fall season. <br />