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EHLERS <br /> • & ASSOCIATES INC <br /> OTo: Mike Morrison—City Manager <br /> 21 From: Stacie Kvilvang—Associate Financial Advisor <br /> W Date: April 11, 2003 <br /> Subject: Metropolitan Council Tax Base Revitalization Grant Application <br /> The Metropolitan Council has funding available for asbestos abatement through its Tax Base <br /> Revitalization Account. Ehlers is in the process of preparing a grant application for funding of <br /> asbestos abatement at Apache Plaza (estimated to be between $300,000 and $600,000). In order for <br /> this grant request to be considered,the application must include a resolution of support for the project <br /> from the City in which the assistance is required(see attached copy). <br /> The Developer is in the process of having an asbestos survey completed so Ehlers may obtain bids <br /> for the required abatement. The estimates for this work will be received prior to submittal of the <br /> grant application on May 1, 2003, so we can request an actual funding amount, as well as document <br /> the nature of the contamination. <br /> The Tax Base Revitalization account specifically provides funds to implement an approved Response <br /> Action Plan (RAP), developed in conjunction with the MPCA, for an abatement program that meets <br /> the requirements of the AHERA standards. If the City is awarded funding in this round of <br /> • applications, it will assist the City in defraying the overall costs of redevelopment of the Northwest <br /> Quadrant. <br /> Please contact me at 651-697-8506 if you have any questions. <br /> • LEADERS IN PUBLIC FINANCE <br /> 3060 Centre Pointe Dnve Phone: 651-697-8506 Fax: 651-697-8555 <br /> Roseville, MN 55113-1105 skvilvang@ehlers-inc.com <br />