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53 <br /> Page 2 <br /> Since 1994,the City has assisted the following properties: <br /> • Walgreens <br /> • Custom Liquidators purchase <br /> • Industrial Custom Products <br /> • CUB Foods <br /> • Several townhome projects <br /> • 33`d/Stinson <br /> • Fordham <br /> • Highway 88 <br /> • Kenzie Terrace <br /> In excess of$10 million in new value has been created as a result of the assistance the City has <br /> provided. <br /> Other issues Springsted is exploring are: <br /> 1. Paying off the Community Center bonds earlier. <br /> 2. Borrowing funds from Kenzie to do above and paying back with Chandler. <br /> 3. Bonding to pay for above items. <br />