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C, <br />JLNDEVELOPt1ENT, INC. <br />2045 RiceStreet ,�N5 6 76 .. <br />P.a Bnx 1J291 <br />St Paul, A1N55113 .N !o <br />6121487-3619 <br />RECEIV�� <br />October 3, 1986 1110 SYf �ti <br />Mr. Donald F. Pauley <br />Clerk -Administrator <br />Mr. Steven W. Thatcher <br />Director of Public Works/Community Development <br />CITY OF MOUNDS VIEW <br />2401 Highway 10 <br />Mounds View, MN 55112 <br />RE: Proposed Office/Warehouse/Manufacturing Development at <br />4807 Mustang Circle, Mounds View <br />Dear Mr. Paul.ey and Mr. Thatcher: <br />As a follow-up to our recent discussions concerning our <br />proposed industrial development project•at•the above - <br />mentioned location, we have prepared the enclosed <br />Development Proposal Summary concerning that project and our <br />intention to seek Tax Increment Financing for the same. <br />We understand and anticipate that a separata tax incremerrc <br />financing district would need to be established in the area <br />of this site, and as we have discussed, there appears to be <br />factual and legal basis for the creation of such district. <br />We look forward to discussing this matter with you and Walt <br />Hartman in the very near future. <br />Sincerely, <br />JLN DEVELOPMENT, INC. <br />Tmhsn <br />CWF/kj <br />Enclosure <br />REAL ESTATE DEVELOPMENT <br />