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Mr. Ryan Schro~der <br />April 4, 199~ , <br />Page 2 ~ <br /> <br /> Since this project is a retirement investment for our group, we would be <br />willing to putr additional monies into the project which we believe will be <br />recoupable in £uture years when the base rent can be adjusted with the market <br />demand. <br /> <br /> If this prqject is something the City of Ramsey Can justify with Tax <br />Increment Financing, we would like to pursue this as soon as possible. We <br />would anticipate Phase One to be ready for leasing in the Fall of this <br />year, Phase TwO leasing in Spring of 1995, and Phase Three for Fall of 1995 <br />or Spring of 1996. <br /> <br /> We will look~forward to your comments on this project. <br /> <br />Sincerely, <br /> <br />Partner <br /> <br /> <br />