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The team of the City of Elk River and MetroPlains has worked and continues to v<~ork <br />tluough issues that eventually will lead to the successful revitalization of downtown Elk <br />River. Both The Bluffs of Elk River and Jackson Place are preparing for various closings <br />based upon these approvals. We have passed the threshold of making significant changes <br />that affect the base economic assumptions of both of these projects. The financing for <br />both of these projects is very complicated and has been tnonths in the process of <br />receiving approvals from various ftnance committees, bank boazds, syndicators, tax <br />increment financing committees, etc. We therefore request that the City honor the prior <br />approval of calculating the Park Dedication fees at the 2004 rates. We also ask that no <br />other fees be required at the Building Permit Application, other than the Standard Surface <br />Water Management fee. <br />Sincerely, <br />Laverne Hanson, Jr. <br />cc: Scott Clark <br />John Etrigo <br />G:~EIk River Both~[v1DU Pazk Dedication Fees Mehelich 11-09-OS <br />