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• '�ice-.. <br /> • O BREL L <br /> RANgER, INC. <br /> 809 JACKSON AVENUE• ELK RIVER, MINNESOTA 55330 <br /> City ' Ik River Feb. 04, 1998 <br /> 13065 Orono Parkway <br /> P.O. Box 490 <br /> Elk River,Mn. 55330 <br /> Dear Paul: <br /> Morrell Companies would like to clarify the issues addressed in the meeting on Monday 2-02-98,And <br /> present a plan that we feel could work.Morrell and the City has a unique opportunity to work together <br /> and form a united effort to solve problems that both of us are faced with. We feel that the simplest format <br /> to make these decisions is to label the benefits and disadvantages for both of us: <br /> DESCRIPTION OF ACTIVITY: MORRELL CITY OF ELK RIVER <br /> 1)TIF PROGRAM DOLLARS GENERATED $350,000.00* $330,000.00** <br /> *$300,000.00 up-front at the time the new building is occupied <br /> for soil corrections on new property. <br /> $50,000.00 over the payment plan for the demolition work. <br /> **amount will increase as property taxes increase. <br /> • 2)RELOCATION OF BUSINESS Advantage Advantage <br /> 3)REMOVAL OF TRUCKING EQUIPMENT Disadvantage Advantage <br /> (Within 4 months of New building occupancy) <br /> A)Move wood pile to north-west corner of property <br /> until site is redeveloped <br /> 4)BUILDING DEMOLITION&CLEAN-UP Disadvantage* Advantage <br /> (Within 24 months of New building occupancy) <br /> *loss of income with no guarantee of a sale of property <br /> 5)CLOSING OF PRIVATE RAIL/ROAD CROSSING Disadvantage Advantage* <br /> (Within 60 days of construction) <br /> *must close crossing to allow the 171st expansion <br /> 6)LONG-TERM INCREASED TAX BASE Disadvantage Advantage <br /> (minimum increase 150%) <br /> Morrell is agreeable to not rent the facility to another trucking company. We also want to make it clear <br /> that Morrell is already begun the process of re-zoning for Elk River Mini Storage expansion. A local <br /> Demolition company has estimated that it would cost approximately$60,000.00 to remove building. <br /> We hope that you and EDA can see the benefits that this project will provide you and us. If you or any of <br /> the EDA Members have any question please contact me immediately 441-2011 or 441-6930. <br /> Sincerely, <br /> 400WIPPIP. <br /> ' Teny ii, ll <br /> 612-441-2011 DIRECT- DAILY-SERVICE 612-441-3395 <br />