Laserfiche WebLink
Mehelich, Catherine <br /> 0 rom: Sid Inman [sid@ehlers-inc.com] <br /> ent: Wednesday, June 02, 2004 9:31 AM <br /> To: CMehelich@ci.elk-river.mn.us <br /> Subject: Gradient Technology <br /> I have reviewed the documents from Gradient Technology and have the <br /> following comments. It is my understanding that your goal is to arrive <br /> at a final land price that makes the land competitive with other <br /> available land in other communities. The argument is that "But For" this <br /> land price the project would not happen. Using the amount of the <br /> abatement and Micro Loan you have reduced the net land price to achieve <br /> this goal. In my opinion this meets the But For test. <br /> Last, I noted that the total equity is over 16% which is over the <br /> cities minimum. <br /> Please let me know if you have other questions. <br /> Sid Inman - Senior Vice President <br /> 41, <br /> Ehlers and Associates Inc. <br /> PH 651-697-8507 <br /> FAX 651-697-8555 <br /> This email has been scanned for all viruses by the MessageLabs Email <br /> Security System. <br /> • <br /> 1 <br />