9.B.3. PRSR 06-14-2000 - Laserfiche WebLink

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FILE No.223 05/26 '00 14:13 ID:FACSIMILE FAX:952 837 8010 PAGE 3/ 3 • 4. The park dedication fee is a significant matter to us. We have not budgeted any funds for this expense. From my file information, it was not referenced in the preliminary plat approval and my understanding is that the City implemented this fee during the time that we were negotiating this transaction, and to the best of my knowledge, we were not informed of that. Certainly, it there was increased tax increment available,we could cake another look at this. However, we have already had to absorb an increase in some of the special assessments costs without any commensurate increase in the tax increment reimbursement and have no additional cushion of any sort to absorb this. 5. With regard to sidewalks,we have always understood that these were a part of the City's plans and costs and to be assessed to the property along with other public improvements. This was confirmed to us in our meeting with you of April 25, 2000. Our understanding was that our only responsibility was to provide a sidewalk connection to the property to the north,and we are in agreement with that. 6. Finally,with regard to streetlights,we have not been aware of any requirement,and would certainly consider this a public improvement that would customarily be part of the street development cost. We again,have no budget cushion to absorb this. We are hoping that most of these matters can be cleared up in our meeting on Tuesday, May 30, • 2000, but my understanding is that we will need to address the question of the park dedication to your City Council on June 19, 2000. We will attend that meeting and make this request and would ask that you use this letter as a basis to indicate our formal request with regard thereto. We obviously are hopeful that we can resolve this quickly; we are moving forward with the working drawings for our multi tenant building and are carrying on discussions with several prospects at this time. It is imperative that we resolve this in order to move forward. In order to meet the deadlines in our Development Agreement and to move this project forward, we need to start in early July with the first building. Our mass grading needs to begin in early June and from discussions with Dennis Cornelius, I understand that you are requiring that the Letter of Credit issue be resolved prior to start of that work. We look forward to meeting you next week and are hopeful of a quick resolution. Yours/very truly,Webirdiza) Richard V. Martens President RV • • Cc:Dennis Cornelius Mel Ammon