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THE EVEREST GROUP LTD <br />March 10, 1989 . <br />Donald F. Pauley <br />Clerk/Administrator <br />City of Mounds View <br />2401 Highway 10. <br />Mounds View, MN 55112 <br />Dear Don: <br />Please find enclosed the tax increment financing projection <br />for the Mounds View Business Park South. This projection <br />reflects today Is discussion regarding an eight year <br />amortization of the assumed tax increment financing bond <br />sale. As you will quickly see, the net proceeds from the <br />bond sale available for Pul•lic improverents or land buy down <br />has bean significantly reduced due to the shorter period <br />utilized to amortize the bonds. <br />"lease revilE t.:G Enuivbcd and give me a call if you have <br />any questions. <br />Very truly yours, <br />THE EVERESTT GROUP, LTD. <br />Allan D. Anderson <br />Vice -President of Finance <br />Enclosure <br />ADA/jk <br />Y.S. Attached is Rick Baker's estimate of the construction <br />costs of Woodale as currently contemplated. The lighting <br />components are not yet available. <br />® Al <br />265; wng la4• R(ud <br />RC). lim I i R,-,Al, %I,;;II1 <br />•..I_ Ida i_4R. <br />