Laserfiche WebLink
UB/1ti/119 TAU 14:11 FAA ti1L tf55 59t$8 tU(ASS MUNRUJ~: IODUU <br /> I KRASS MONROE , P . A . <br /> ATTORNEYS AT L A W <br /> I .tames R.Gasserly <br /> Email jemesc@krassmonroe.com <br /> wo W.krassmonroe.eom <br /> Direct Diaf(612)885-1296 <br /> MEMORANDUM <br /> Biackiined to Draft of September 14, 1999 <br /> To: City of New Brighton <br /> Attn: Kevin Locke, Community Development Director <br /> Jill Bishop, Economic Development Specialist <br /> Leonard Pratt,Pratt Homes <br /> Michael A. Brass, Welsh Companies, Inc. <br /> John Ordway, Stoneylake Properties <br /> From: James R. Casserly,Esq. <br /> Greg D. Johnson, CPA <br /> • Date: September 16, 1999 <br /> Re: Business Terms for a Contract for Private Redevelopment Between Mainstreet village <br /> and the City of New Brighton. <br /> Our File Nn. 9570-31 <br /> Representatives of the City, Mainstrect Village (the "Redeveloper") and ourselves have reached a <br /> consensus regarding the business ter -1s for a Coot"act fur Private Redevelopment between the <br /> Redeveloper and the City(the"Agreement"). The business terms include the following: <br /> 1. MINIMUM LMPROVEMENTS_ These arc the improvements that the Redeveloper is <br /> committing to construct at Mainstreet\ iLage. Attached is Site Plan A which shows the <br /> Minimum Improvements with the following adjustments: <br /> A. Office built_lin, J may or Cy be one story and may not have underground parking if <br /> the market will not suppoz i the cost of underground parking as determined by the <br /> City and the Redeveloper <br /> B. The market value and square footage reflected in Building H, the Post Office,may . <br /> be added to another commercial building in the event the Post office does not <br /> • locate at Mainstreet Village. <br /> SUITE 1100 SOIJTHPOINT OFFICE CENTER+165D WEST R2NR STREET•BLOOMINGTON,MINNESOTA 55431.1447 <br /> TELEPHONE 6t2'865.5999•FACSIMILE 612/885.5969 <br />