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• Mike Mornson -Northwest Quadrant Redevelopment <br /> September 17,2003 <br /> Page 8 <br /> o. Land Purchase Price. Purchase price of land for each use will be reviewed and must be <br /> shown to be at market and similar to what other projects are paying. <br /> p. "But For"Analysis. Ehlers recommends that prior to final determination of Tax Increment <br /> assistance that will be provided that a "But For" analysis be preformed to ascertain <br /> appropriate level of assistance. <br /> The elements of this transaction are within industry standards that Ehlers and Associates have seen <br /> within the Metropolitan Area on these types of developments. At this time, we anticipate that a final <br /> Development Agreement will be brought before the City Council and HRA in October for <br /> consideration and approval. Please contact Sid Inman or I at 651-697-8500 with any questions. <br /> cc: Jerry Gilligan—City Attorney <br /> File <br /> • <br />