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<br /> ------ ----------- <br /> 6126360183 EIIEREST GROUP 248 RG2 DEe 07 '94 15:21 <br /> " , . <br /> ~ <br /> . <br /> RECEIVED . <br /> - DEe - 7 1994 <br /> EVEREST DI:VELOPMENT LTD <br /> '.i~l\Ml<I)I( II 1111 11,/1 [,t',! (.l.:llllJ' ill) CITY Of ARDEN HILLS <br /> December 7, 1994 <br /> VIA FACSIMILE <br /> 633-7839 AND <br /> REGULAR MAIL <br /> Brian Fritsinger <br /> Community Planning Coordinator <br /> CITY OF ARDEN HTT T S <br /> 1450 West Highway 96 <br /> Arden Hills, MN 55112-5794 <br /> Re: Arden Hills Gateway Project <br /> Deu Brian: . <br /> Under separate cover I believe you have received a Memorandum from Jim Casserly <br /> and Mary Molzahn, our development consultants, setting forth a project pro forma, <br /> schedule, and narrative overview of our proposed redevelopment project for the <br /> GateWay Business District property. We trust that you will feel free to call and/or meet <br /> with Jim and Mary to review and ask questions about the Memorandum and its <br /> contents , <br /> As you know, our Preliminary Development Agreement with the City is scheduled to <br /> expire December 13, 1994. Weare committed to continuing our acquisition and <br /> planning efforts for this project to the end that we COllSUmmate a mutual! y acceplable <br /> Redevelopment Contract with the City which will facilitate development of the project <br /> as outlined in the Casserly & Molzahn Memorandum, <br /> We request that as an interim measure, the current Preliminary Development <br /> Agreement be extended by an additional period of 120 days to allow us to continue <br /> with our site acquisition/assembly and planning efforts while an overall Redevelopment <br /> Contract is being prepared and finalized. We further request that the City Council <br /> authorize staff to proceed with the preparation and negotiation of a draft <br /> Redevelopment Contract for this project as soon as possible. <br /> . <br /> 2(\fI'i I.W1t: L_lk(~ I{o"d <br /> P.o. I~ox 1~0190 . 1~(I,t'villl', MN S.'i 11.\ <br /> I(ll)i (,1(,-:':;0\) r .l~: t(ll J) (drt 018"l <br />