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For your additional information, it is important to note that <br /> we have been attempting to lease some of this space since May, <br /> • and this is the first viable tenant we have obtained. We are <br /> dealing in a very difficult economy and a very difficult <br /> leasing market. Assuming that we can bring this business to <br /> St . Anthony, as requested, ICP will execute a new 5 . 5 year <br /> lease which will assure that this property remains a viable <br /> part of the cities commercial real -estate base for 5 more <br /> years . <br /> Also, the City has $125000 in TIF funds invested in this <br /> property for the purpose of improving the commercial economic <br /> base of the City, and to bring employment opportunities to the <br /> City. ICiP has lost about half of its jobs to down-sizing . <br /> Essenco would replace these employees . <br /> Please contact me at 612-781-3381 or kes789 @mediaone.net with <br /> questions or for any additional information you may require <br /> for your consideration of the request. <br /> • <br />