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• <br /> VILLAGE PROPERTIES 2500-39th Avenue NE #230 <br /> Minneapolis, MN 55421 <br /> November 30, 1995 <br /> Mike Mornson <br /> City of St. Anthony <br /> 3301 Silver Lake Rd. <br /> St. Anthony, MN 55418 <br /> Dear Mike: <br /> Regarding the Redevelopment Agreement between the City <br /> of St. Anthony and Village Properties, this letter is to <br /> inform you that the three conditions of the agreement <br /> • have been met as follows: <br /> 1. Village Properties acquired the property in the name <br /> of Village North St. Anthony 2801 Partnership on <br /> October 6, 1995. <br /> 2 . Industrial Custom Products has been in full <br /> production at . the site for four weeks and their office <br /> moved in on November 20, 1995 . <br /> 3. Improvements totalling $154, 000 have been completed <br /> according to the attached schedule. <br /> I will call you on Monday, December 4, to arrange an <br /> inspection. Please make the necessary arrangements for <br /> the City of release the $125,000. 00 to Chicago Title <br /> Insurance Company on our behalf. I will make the <br /> necessary arrangements with Chicago Title after I know <br /> when to expect the funds. <br /> Th y <br /> • Ken olie <br />