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<br />~ <br /> <br />any of you if you would like. If any of you are interested in talking to Mr. <br />McGrann about the process, we would be glad to arrange it. <br /> <br />We are Local: We cannot emphasize how important this is. Both Opus and Restoration <br />Development are privately owned and locally based. As members ofthe <br />community we have a stake in how this site is developed. We do not need to <br />worry about how Wall Street or stock market analysts view our businesses. We <br />do not need to go through a series of chains of command to get a decision. If you <br />select the Opus/Restoration team, you will often have owners and key officers <br />sitting at the table with you as we go through the development process. This <br />allows for a fast and streamlined decision making process. Not only is this <br />important as an initial agreement is negotiated, but also in the future when <br />changes occur and in a project of this magnitude, there are bound to be changes. <br />Unfortunately, we have had experiences when working with large publicly held <br />builders and developers that in spite of the best of intent by local representatives, <br />decisions are made at a distant corporate headquarters which impacts the ability of <br />the local office to fulfill their obligations to a particular project. <br /> <br />We also understand that the City expects its development partner to make a <br />sizeable upffont investment both in monies and in time. We are prepared to do <br />this because we believe this is the premier tract of undeveloped land in the <br />metropolitan area and that we will recoup this investment at the time of <br />development. <br /> <br />. We are very familiar with the other development teams and we have a great deal of <br />respect for them. However, we believe we have assembled a unique combination of <br />talent, knowledge and financial strength. If the City desires maximum flexibility and <br />input in planning for this site and a team that represents the best and brightest in the <br />industry, we believe the clear choice is the Opus/Restoration Team. <br /> <br />We appreciate your continued consideration and are available at your convenience to <br />respond to any additional questions you may have. <br /> <br />~I <br /> <br /> <br />President <br />Restoration Development, LLC. <br /> <br /> <br />Cc: <br /> <br />Mr. Joseph Lynch <br />Mr. Tim Murnane (952) 656-4568 <br />Mr. David Menke (952) 656-4565 <br />Me Walter Rockenstein (612)766-7208 <br />Mr. Dennis McGrann (202) 544-9841 <br />Mr. Jerry Paquin (612)-333-6700 <br />Mr. Marc Anderson (952)-249-3013 <br />Me Peter Pflaum (952)-249-3016 <br />Me Steven Apfelbaum (608) 897-8641 <br /> <br />. <br />