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MEMO TO: MAYOR AND CITY COUNC/ILL/�� <br />FROM: CLERK-ADMINISTRATORjf <br />DATE: JULY 6, 1989 ��JJ <br />SUBJECT: MOUNDS VIEW BUSINESS PARK BUILDING F <br />The City has received a request from the Everest Group Ltd. <br />requesting that the City certify the completion of Building <br />F in Mounds View Business Park located at 2200 County Road <br />H2 and authorize the release of forfeiture and payment of <br />$217,461 in land buy down attributable to building F. <br />I have reviewed the documents with Mr. Bob Dieke of Holmes <br />and Graven, the City's legal counsel on tax increment <br />financing, and been advised that the documenta are <br />acceptable and payment appropriate. Therefore, staff would <br />recommend chat Council authorize the Mayor and Clerk - <br />Administrator to sign the Certificate of Completion and <br />release of forfeiture and the Council further authorize the <br />payment of $217,461 in land buy down attributable to <br />Building F from the Mounds View Business Park Tax Increment <br />Fund. <br />DFP/MJS <br />C <br />4 <br />