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FILE No. 786 10/19 '00 1317 I D JOLD DEVELOPMENT 612 278 7574 PAGE 3 <br /> • $70,00() per year increment. As such, our request equates to approximately three years <br /> worth of fully assessed increment. <br /> 1 believe this development would benefit the City in several .ways other than just the <br /> removal of a blighted building. Walgreens is a stable company hat has been around for <br /> many years and is making a n-unirnwn 25-year commitment to this location. Hopefully <br /> this will help stimulate other investment in the area. In addition to creating higher <br /> density and generating a significant increase in tax base, the store would provide <br /> approximately 30 jobs. These positions, about half of which are full time, span a wide <br /> range of experience and educational levels from entry level positions in the $8.00-$10.00 <br /> per hour range to that of pharmacists and managers that can approach six figures. <br /> I will be happy to work with your consultants and staff on a more detailed review of our <br /> request, and will certainly agree to pay the costs associated with their review. Please call <br /> me if you have any questions before the October 24`x' (IRA meeting. I hope the City will <br /> agree that this is a project worthy of assistance, and look forward to working with all <br /> involved to make it a reality. <br /> Sincerely, <br /> Z11141100 <br /> Mike Kalseheur <br /> Assistant Director-Real Estate <br /> enclosure <br /> • <br />