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4700 IDS Center <br /> Hessian Attorneys at Law 80 South Eighth Street <br /> Minneapolis, Minnesota 55402-2228 <br /> & McKasy P.A- (612) 330-3000 Fax (612) 371-0653 <br /> Joseph G. Maternowski <br /> (612)330-3010 <br /> E-mail:jmatemowski @hessiamcom <br /> August.7, 1998 <br /> Ms. Kim Moore-Sykes <br /> Saint Anthony Village <br /> 3301 Silver Lake Road <br /> St. Anthony, MN 55418-1699 <br /> Re: Schnitzer Iron and Metal Site Group <br /> Interim Assessment <br /> Dear Kim: <br /> In early July the Schnitzer Site Group approved a means to fund.Group activities through <br /> mediation with the University and the Cities of Minneapolis and St. Paul. The mediation has <br /> been scheduled for September 9t'and 10`h in Minneapolis. The approved Option B, which was <br /> based on the volumetric allocation as developed by the Minnesota Pollution-Control Agency and <br /> later adopted by the University of Minnesota, provided that past transaction costs would not be <br /> reallocated. <br /> The Group agreed that future transaction costs were to be allocated among Group <br /> members using the University's volumetric allocation. The Group also approved an assessment <br /> of$100,000 to carry the Group through settlement discussions and mediation, with $50,000 due <br /> in July and $50,000 due prior to mediation. As of the date of this letter, we have not received a <br /> check from Saint Anthony Village for the July interim assessment. <br /> We have prepared the enclosed chart that shows each Schnitzer Group member's <br /> respective share of the $100,000 assessment. We have also enclosed an invoice for St. Anthony <br /> Village's share for the July and August assessments in the amount of$3,036.42. We would <br /> appreciate it.if you would expedite the processing of this invoice so that the Group can fund its <br /> activities during the coming months. Please feel free to contact either Lee Henderson or myself <br /> if you should have any questions relating to this matter. <br /> Sincerely, <br /> oseph G. Mate.nowski <br /> JGM:mjy <br /> Enclosure <br /> 548732\1 0626200-000100 <br />