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i <br /> Mr. Patrick Klaers <br /> April 30, 1996 <br /> Page 3 <br /> 3. Provide option to purchase agreement for expansion land(approximately four plus acres) <br /> • <br /> for a period of five years from the date of the development agreement with the same <br /> conditions as items 1 and 2. <br /> 4. Provide water supply to the facility with sufficient capacity and pressure for an ESFR <br /> Fire Suppression system. <br /> 5. Agreement on electrical service rates and conditions. <br /> 6. Development agreement with a minimum market value not to exceed 75% of the actual <br /> cost of construction(estimated at$7,000,000.00)plus the value of raw land exclusive of <br /> special fees and assessments. <br /> 7. Agreement on building exterior finish material, site plan and landscaping which shall not <br /> be subject to further review or interpretation after execution of the development <br /> agreement. <br /> But for this assistance the project would not be economically feasible. <br /> We look forward to your response. <br /> Very/ ly Yours, <br /> Or / <br /> Scott Abernethy <br /> Principal <br /> cc: H. Duitsman <br /> IP <br />