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ANOKA COUNTY COMMUNITY ACTION PROGRAM, I <br /> 1201 89th Avenue NE, Suit~ 345 · Blaine, MN 55434 · Phone 783.4747, FAX 783-4700, TTY 783-472 I <br /> <br /> January 21, 1998 *"4""":'~7~' I <br />Jim Norman <br />City of Ramsay I <br />15153 Novcthen Blvd. <br />Ramsay 55303 I <br />Dear Mr, Norman: -- <br /> ! <br />ACCAP has requested that the City provide tax increment financing assistance to our <br />Ramsay Townhome project. <br /> <br />As part of this request we wish to assure you that ACCAP will not request any other <br />financial assistance from the City. <br /> I <br /> <br />The townhome project will pay the full amount of all the ordinary costs typically associated <br />with the development of townhome projects including but not limited to: <br />1. Building permits I <br />2. Sewer and water access charges <br />3, Park dedication , <br /> ! <br />In addition all of the City s out-of-pocket costs associated with the tax increment financing <br />will be reimbursed by ACCAP and the project including but not limited to: <br /> I <br />1. Attorneys' fees <br />2. Consultants' fees <br /> <br />Lastly, because the project will only be pursued if it receives an allocation of federal Iow <br />income housing tax credits the tax increment will be exempt from any penalties relating to <br />State aid, fiscal disparities as there is an exception to those penalties for housing projects <br />with tax credits. <br /> <br />We would agree to having all these representations reflected in the tax increment I <br />development agreement. <br /> <br />I hope this adequately clarifies our request, i <br />Si~cere,.ly, ~ I <br /> <br /> ANOKA COUNTY COMMUNITY ACTION PROGRAM, INC I <br /> 1201 89th Avenue NE Suite 345 Blaine MN 55434 <br /> lele 612-783-4747 fax 612-783--4700 I <br /> <br /> <br />