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Jun 10 02 03 : 09p SANTWIRE/BERGQUIST 763-262-7389 p . 3 <br /> • <br /> corporate employees; for instance, Best Buy, into Elk River from a different <br /> location. The only way a speculative building could meet job goals is if it were <br /> leased prior to development to business entities with employees, in which case it <br /> would not be speculative. <br /> 5) The "but-For" analysis (Exhibit D) prepared by the applicant is incorrect in <br /> numerous categories. When the proper corrections are made, it becomes apparent <br /> that this project DOES NOT need a Property Tax Abatement. <br /> I will he present at the public hearing this evening, June 10, 2002, 6:30 PM to discuss the <br /> details of the subjects contained herein. <br /> 15"yi?..czt.tr‘ips <br /> Gary L. Santwire <br /> On behalFofEquity Management. Inc., <br /> Rivers Crossing, Inc. and D. Russell Norha. <br /> and Linda M. Norha <br /> Please distribute copies to: <br /> • <br /> Lori Johnson <br /> Catherine Mehelich <br /> Mayor and all Council Members <br /> All E.D.A. Members <br />