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i <br /> l Cyt <br /> // •r� <br /> • ,e; i <br /> 'RANFER, INC. <br /> 809 JACKSON AVENUE• ELK RIVER, MINNESOTA 55330 <br /> NOV. 3, 1997 <br /> TO:EDA/CITY OF ELK RIVER <br /> FROM:MORRELL COMPANIES <br /> RE: TIF APPLICATION <br /> THE ISSUE THAT MORRELL COMPANIES WOULD LIKE TO BRING BEFORE THE EDA <br /> BOARD IS THE CHALLENGE OUR COMPANIES HAVE BEEN PRESENTED WITH IN TRYING TO <br /> BUILD A NEW FACILITY. THE SITE THAT WE HAVE SUBMITTED TO THE CITY AND HAVE <br /> RECEIVED APPROVAL ON HAS MANY SOIL PROBLEMS.OUR COMPANIES LOYALTY TO ELK <br /> RIVER IS BECOMING A DECISION OF ECONOMICS. THE OPTIONS ARE LIMITED FOR SITES <br /> THAT WILL WORK FOR A COMPANY OF OUR SIZE. OUR COMPANY EMPLOYS 110 FULL <br /> • TIME AND PART TIME EMPLOYEES AND THE TRANSPORTATION BUSINESS REQUIRES A <br /> LARGE AREA TO MANEUVER OUR COMPANY HAS GROWN SIGNIFICANTLY IN THE LAST 5 <br /> YEARS AND WITH THE EXTENSIVE INTERNAL STRUCTURING AND OWNERSHIP <br /> TRANSITION IN THE NEAR FUTURE WE ANTICIPATED EVEN MORE GROWTH. <br /> THE REQUEST THAT WE ARE ASKING OF THE EDA BOARD IS THAT THEY WOULD BE <br /> ABLE TO CLEARLY GIVE MORRELL COMPANIES INDICATORS THAT THE EDA WOULD BE <br /> IN FAVOR OF THIS PROJECT RECEIVING TIF ASSISTANCE. THE NEXT REQUEST THAT WE <br /> WOULD LIKE THE EDA TO DISCUSS WITH OR ADVISE US ON IS HOW DOES TIF ASSISTANCE <br /> ON THIS PROJECT IMPACT THE PRESENT APPROVED SITE PLAN? THE BASIS FOR THIS <br /> REQUEST IS THE SOIL CORRECTIONS. ADDITIONAL SITE IMPROVEMENTS WOULD <br /> NULLIFY THE TIF ASSISTANCE THAT IS TO BE USED FOR THE SOIL CORRECTIONS. THE <br /> ESTIMATED COST OF EXCAVATING THIS SITE HAS BEEN PROJECTED TO BE IN EXCESS OF <br /> 3 TIMES GREATER THAN A SITE THAT POSSIBLY COULD BE USED.I WE FEEL STRONGLY <br /> THAT THIS IS A WIN/WIN SOLUTION TO A LONG AWAITED PROBLEM OF RELOCATING <br /> AND VACATING PRESENT SITE. WE THANK YOU FOR YOUR TIME AND ATTENTION <br /> CONCERNING THIS ISSUE. <br /> SINCERELY, <br /> 61/1V.Q.s. <br /> TERRY S.MORRELL <br /> 612-441-2011 DIRECT- DAILY-SERVICE 612-441-3395 <br />