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t: <br /> �l <br /> NEDEGAAQD CUSTOM "HOMES <br /> t814 NORTHDALE BLVD. COON RAPIDS,MN 55448 (612)757-2926 FAX 757-0639 <br /> April 18, 1995 <br /> Mayor Clarence Ranallo <br /> City Council <br /> City of St. Anthony <br /> 3301 Silver Lake Road <br /> St. Anthony, Minnesota 55421 <br /> Re: Village Commons <br /> Dear Honorable Mayor and City Council Members: <br /> I am writing as a follow up of my letter to you February 28,, <br /> 1995 regarding the above matter. As you will recall, we are <br /> seeking tax increment assistance in the above project so as to <br /> be able to construct twelve twinhomes. on the subject property. <br /> I wish to confirm that we have reduced our request for <br /> assistance. for soil correction work to the sum of $150,000 from <br /> our original request of $252,000. I hasten to add that this is <br /> not due to the fact that the costs of making these corrections <br /> ' has lessened, but has merely a recognition of the fact that <br /> there is not sufficient increment in order to fund , all of the <br /> appropriate work. Our proposal is for the City to now provide <br /> Nedegaard Construction Co . , Inc . , with soil correction <br /> assistance in the amount of $150,000. This assistance would be <br /> paid to Nedegaard Construction at ' which time that the soil <br /> correction work has been completed and we have delivered to you <br /> invoices evidencing this level of correction work. <br /> It is my understanding that the City is in agreement with this <br /> proposal. Accordingly, I would appreciate it if you would have <br /> your city attorneys prepare the necessary documents so that we <br /> could move forward. We have appreciated the cooperation of the <br /> city staff in this matter and we are convinced that when <br /> completed, Village Commons will be a betterment to the <br /> community. <br /> Sincerely yours, <br /> Bruce A. Nedega d <br /> President <br /> BAN/ja <br /> A DIVISION OF NEDEGAARD CONSTRUCTION COMPANY; INC. F <br />