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<br />RTR Development <br /> <br />341 CoolIdge Street NW Anoka. MN 55303 (612) 377,-0494 (612) 427-4186 <br /> <br />July 7, 1988 <br /> <br />City of Ramsey <br />15153 Nowthen Blvd. NW <br />Ramsey, MN 55303 <br /> <br />ATTENTION: Anne Norris <br /> <br />Please consider this a request for assistance in constructing site <br />improvements, through the use of tax increment financing, at our pro- <br />poseo development, RAMSEY PLAZA. The site improvements inc1uoe grao- <br />ing, storm sewer, class 5 base,. concrete curb, parking lot lighting, <br />landscaping ana a lawn irrigation system. The estimated costs of these <br />improvements total approximately $270,000.00. <br /> <br />The retail shopping center will be locateo at the southwest corner of <br />Highway 10 ana County Road 57. The center will consist of rock face <br />concrete block buildings and metal canopies which will be virtually <br />maintenance free. The center will be approximately 40,000 square feet. <br />Construction costs are estimated to be $40.00 per square foot for a total <br />project cost of $1,600,000.00. <br /> <br />This project will benefit the City of Ramsey by increased tax base, and <br />an employment potential of 80 to 100 people. RAMSEY PLAZA will also <br />enhance community irrage, ana increase the citys' recognizable identity <br />along Highway 10. <br /> <br />We appreciate your time in considering this request. If you have any <br />questions or need additional information, please feel free to contact us. <br /> <br />. Sincerely, <br /> <br /> <br />~tf~ <br />~f~ <br />/; <br />Todd Elofson <br /> <br />3f <br />