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Mr. Mike Morrison <br /> September 20, 1999 <br /> Page 2 of 2 <br /> • <br /> The assistance provided by the City for the site development represents 7.5% of the anticipated <br /> total costs of the project. I believe that this is a significant bargain for the City in exchange for <br /> the improved tax base which will be provided by this property as well as the aesthetic upgrading <br /> of this significant redevelopment project in the City's main southern entry and shopping area. <br /> We respectfully request that the City Council provide assistance in the total amount of <br /> $180,000.00 for the purchase of the land and the improvements listed above. Please advise me at <br /> your earliest possible convenience as to the steps necessary to incorporate this request into the <br /> developer's agreement. I look forward to hearing from you regarding this matter. <br /> Re ectfiilly yours, <br /> James E. Kellison <br /> President <br /> JEK/jjv <br /> • c: Jim Furseth <br /> • <br />