04/17/02 Taylor/Gateway DifficultiesG4/17/02 11:49 805 689 8393 AMERICAN CAPITAL 2002
James S. Taylor
Principal
Mr. Chris A. Kukulski
City Manager
City of Kalispell
312 First Avenue East
Kalispell, MT 50903-1997
I hope this letter finds you well and enjoying some spring weather in the Flathead. I can
hardly wait for the suuuner vacation to begin so I can head up there.
I have attached an email sent to me by Mark Dunn, which thoroughly explains some
difficulties we are having with the City. We are having a hard time filling Gateway and
need the flexibility of being able to attract both retail and non -retail tenants. The added
expense imposed by the proposed City requirements is substantial and limits our
flexibility in doing so. Would you please be kind enough to look into this to see what can
be done?
1 am also unclear as to where things stand on reconfiguring Financial Drive. Please let
me know if you need some help from us here.
On an unrelated matter, American Capital continues to have an interest in redeveloping
Kalispell Center Mall if the Glacier Mall appears that it will not be built. Please keep this
in mind and contact me as appropriate.
On another completely unrelated matter, we are just finishing a business plan by David
Evans and Associates in connection with our partnership with FEC to install fiber in the
Valley (and to Libby). What are your views on, this potential project?
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04/17/02 11: 49 V805 68" 8393
AMERICAN CAPITAL
Mr. Chris A. Kukulsld
April 17,2002
Page 2
I look forward to hearing from you.
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04/11/02 11:50 %2805 680 8393 AMERICAN CAPITAL
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From: "Mark Dunn" -<rnark-a-dunn@rnsn.com>
To: "Jim Taylor' <amcap@attgIobal. net>
Sent: Tuesday, April 16, 2002 8:17 PM
Subject- Gateway West Mail
Jim: According to Ted Clark of Meredith Construction who recently met with the building
department In Kalispell, these officials are taking the position that in order for us to lease
space in Phase 2 of the property (basically north of the food court) to office users or quasi -
office users like United Way, Alanon and the CPA that we will be required to provide a one hour
separation between the tenant spaces and the interior mail corridor. I believe that they are
requiring we do this for all of Phase 2, not just the spaces in question. To provide this one
hour separation we will have to eliminate all the interior mail storefronts (openings and glass)
and construct walls to the deck. This will be quite expensive and very possibly will cause us to
throw good money after bad. In other words,, as we lease up additional space In Phase 2 we
may have to re -construct interior walls that we have previously built, From a long term
perspective converting Phase 2 of the mail to strictly office use will enable us to recapture
interior space as leaseable area since the corridor can be reduced from its current 30' width to
10% however, we need to be able to make this conversion over time or when we have more
space leased to justify this cost. Also, who is to say that we might end up leasing some of the
space to retail users. It is my opinion that we need to convince the City/Buiiding Department
of this fact and use whatever leverage we have at this point In time in accomplishing this.
Timing is critical in that we are trying to finalize leases with the three tenant prospects
mentioned above. Thanks Jim for your assistance. Mark
4/16/02
`4/17/02 11:48 V805 6po 8393 AMERICAN CAPITAL
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Telephone (805)- 898-0533 (805) 682-5551
Facsimile (805) 6821-8393
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From: James S. Taylor
Date: Lo
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