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<br /> . - - . <br /> -~ <br /> . <br /> . THE EVEREST GROUP LTD <br /> February 12, 1993 <br /> Thomas R. Sather <br /> Paul L. Malone <br /> Beverly Aplikowski <br /> Dale R. Hicks <br /> Dennis P. Probst <br /> city of Arden Hills <br /> 1450 West Highway 96 <br /> Arden Hills, MN 55112 <br /> Re: Development Proposal for Property Located within the <br /> Gateway Business District, Arden Hills, Minnesota <br /> Friends: <br /> . I am writing to outline, with greater specificity, our proposal <br /> with respect to the planning, marketing, acquisition and <br /> development of property within the Arden Hills Gateway Business <br /> District. In general terms, we would propose that the city and <br /> Everest enter into a Development Agreement which would provide <br /> for our cooperation, and our joint effort and participation in <br /> development and redevelopment of the property within the GB <br /> District. The essential elements of the agreement, and the <br /> respective obligations of the parties, would be as follows: <br /> 1. Plannin2 <br /> Everest, with the input, participation and approval of the <br /> City, will undertake and complete preliminary planning for <br /> the development of the property. The goal of this <br /> preliminary planning will be to achieve a comprehensive <br /> plan encompassing the entire site, which satisfies the <br /> objectives of the City while at the same time meeting the <br /> demands of the marketplace. In this connection, and as <br /> previously discussed, we feel that certain changes will be <br /> required with respect to the permitted uses and <br /> architectural standards applicable to development. To <br /> that end, I am enclosing herewith, as Exhibit A, our <br /> proposed modifications to the current standards <br /> established in the GB District. In our view, these <br /> . modifications will be necessary to permit us to <br /> effectively pursue development of property within the <br /> District. <br /> 26as L(H1g Lake ROod <br /> P.O. Box 1 :)0190. Roseviile, ,\if\.; 55-113 <br /> (6-12:' G36-S5UU FelX: (G 12:' h3G~O] rn <br />