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06/10/02 10:18 FAX 763 441 2827 AME GROUP <br /> <br />~]002 <br /> <br />TO: <br /> <br />FROM: <br /> <br />Mali~tnd Elk River City Council <br />Council Member John Dietz <br /> <br />DATE: <br /> <br />June 10, 2002 <br /> <br />Property Tax Abatement for Elk Path <br /> <br />I will not be able to attend tonight's meeting, but I wanted the Council to know <br />my feelings on this issue. <br /> <br />I think it sets a dangerous precedent to approve this request for tax abatement. It <br />appears to me that this reduction in taxes would be used by the owners as a means <br />of financing an oversized building. I don't think it is our job to finance this type <br />of venture and I don't believe the taxpayers would be in favor of walking away <br />from $200,000 in revenues. <br /> <br />While I agree this project may help jump start the West Business Park, I feel the <br />risks outweigh the advantages. <br /> <br />I don't feel it is in the City's best interests to approve this request. <br /> <br /> <br />