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FILE No. 786 10/19 '00 13:17 ID:TOLD DEVELOPMENT 612 278 7574 23 <br /> $70,000 per year increment. As such, our request equates to approximately three years <br /> worth of frilly assessed increment. <br /> I believe this development would benefit the City in several .ways otJier than just the . <br /> removal of a blighted.building. Walgreens is �t stable company that has been around for <br /> many years and is making a minimum 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 fi-om entry level positions in the $8.00-$10.00 <br /> per hour range to that of pliarnmacists 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`h I-MA 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 /> . Mike Kalscheur <br /> Assistant Director-Real Estate <br /> enclosure <br />