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85 E.SEVENrH PLACE,RM 100 <br /> SAINT PAUL,MN 55101.2887 <br /> 6SI-223-3000 FAX:651.223.3002 <br /> • <br /> SPRYNCSTED <br /> Public l imme Advisors <br /> May 14, 1999 <br /> Mr. Warren J. Rolek, Superintendent <br /> St. Anthony-New Brighten Schools <br /> 3303-W Avenue N.E. <br /> Minneapolis, MN 55418 <br /> Mr. Michael J. Morrison, City Manager <br /> Saint Anthony Village <br /> 3301 Silver Lake Road <br /> St. Anthony, MN 55418 <br /> Re: Tax Impact Study <br /> Dear Mr. Rolek and Mr. Momson: <br /> • Based on our recent discussion, we are providing you with a proposed work plan for a tax <br /> Impact study for the St. Anthony-New Brighten Schools and Saint Anthony Village. Using this <br /> work plan as an outline, we propose a cooperative effort with you in developing a tax impact <br /> study that will benefit the School District and the City. <br /> The objective of this study is to review and analyze the tax impact of the School District and/or <br /> the City purchasing property currently owned by the Salvation Army. It is anticipated the project <br /> will be provided in two phases. In the first phase of the impact study we will review the capacity <br /> of each entity to finance the project and the impact of such financing. The second phase of the <br /> study will identify alternatives for the usage of the property and outline the impacts of such <br /> uses. <br /> The scope of this work will be limited to the first phase of the proposed work plan subject to <br /> further direction from the School District and City to continue further analysis as outlined in <br /> Phase Two. <br /> We look forward to assisting you in this project. Thank you for your consideration. <br /> rely, <br /> a , <br /> L <br /> Robe istle John M. Maas, Senior Vice President <br /> Senior Vice President Client Representative <br /> • Copy: Mr. David L Wettergren, Consultant, Management Services <br /> Ms. Susan Mershon, Project Manager, Management Services <br /> &UNT PAUL.MN • HNNLOQU3,MN • BROO aMAvA • ovF,EtAND PM,KS - WA9WCFrON,DC • DES MOM,lA <br />