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, FEE-06-'00 MON 06:53 ID: TEL NO: 14236 P02 . <br /> ITEM 9e. ' <br /> • <br /> PUBLIC RESOURCE <br /> GROUP, INC. <br /> . <br /> Business Development£1 Finance Specialists <br /> ;.'. : , June 4, 1996 • <br /> • <br /> ' Mr :Pat Maas . <br /> ,,.'. City.,of,Elk.River : '; <br /> to: .13065 .Orono.Parkway • <br /> PO: ,Boz 490 <br /> :- • River, MN 55330 • •. <br /> •',Rt.. ' TL Feeding . •. , , 'i <br /> ' • , Dear.Mr. Itlaers: ' • , ' <br /> IP On behalf of TL Feeding, we would request confirmation of the proPosed,Oity . sistance <br /> package to the company. Based upon the company's commitment'to construct a ±43,000 • • <br /> square foot office/showroom facility with a future minimum market value of$1,,250,000, ' <br /> the would request assistance as follows: <br /> 1. ` Right to purchase 3.25+ acre site at 51.35 per square foot ($190,000), all <br /> P . improvements included. <br /> 2: ' Up-front TIF assistance equal to the land price. <br /> 3. Consideration of$50,000 low interest loan from the City's loan fund. • <br /> ' Please confirm the availability of assistance and the schedule required-.to have the site <br /> . ,.. `ready,for'construction as soon as possible. <br /> Si <br /> . ncerely; ' ' • <br /> ' <br /> • <br /> , .. : PU•BLIC . OURCE GROUP, INC. <br /> - , Patrick W.`Pelstring , <br /> '•, Chief Executive Offic • , <br /> ' PWP\dp ; <br /> • <br /> 1 4205 Lancaster Lane North• Suite 1100 • Minneapolis,Minnesota 55441 • (612)550.7979 .• (612)550-9221 Fax <br />