Laserfiche WebLink
CifU of vouns view <br />v RAMSEY COUNTY. MINNESOTA <br />GATEWAY TO THE NORTH 2401 NIGHWAY 10 <br />MOUNO5 VIEW, MINN. 55112 <br />1Sa7C55 <br />June 5, 1989 <br />Mr. Wilbur F. Dorn, Jr. <br />Dorn Law Firm, Ltd. <br />300 E. Main Street - Suite 300 <br />Anoka, Minnesota 55303 <br />RE: Marsh Park Professional Offices <br />Dear Mr. Dorn: <br />As I indicated to you in an earlier telephone conversation, I <br />took your letter of May 5, 1989 to the Mounds View City Council - <br />at their June 5, 1989 Agenda Session and discussed with them the <br />it request of your client, Mr. Dale Jones, for tax increment <br />assistance for development of the Marsh Park Professional Office <br />Complex. <br />The Mounds View City Council, Mr. Dorn, has instructed me to <br />communicate to you that they feel they have extended the City to <br />the maximum on tax increment zssisted projects and are not <br />inclined at this time to provide any additional tax increment <br />assistance to your client or anyone else. As you may know, we <br />currently have outstanding $8 million worth of tax increment <br />bonds related to two projects which have been issued over the <br />last 2 1/2 year period and are currently in negotiations on a <br />third project for an additional $2 million worth of assistance. <br />The Council feels that $10 million worth of tax increment debt is <br />more than enough for the City to be undertaking at any one time. <br />Therefore, they have instructed me to advise any future <br />developers that they are not inclined to provide any additional <br />tax increment assistance until such time as the current level of <br />our debt is reduced substantially. <br />Should Mr. Jones be able to find other financing for this <br />project, I am sure that the Planning Commission and City Council <br />would be greatly interested in reviewing the proposal and <br />discussing with Mr. Jones his need for alteration of the wetlands <br />11 <br />