CCP 09-08-2003 - Laserfiche WebLink

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. Mr, Aaron Parrish August 15, 2003 Page Six Our strategy is to continue to aggressively pursue quality companies when they come to the market, We hope that companies will start to come back in the near future to the build-to-suit market. When they do, we believe they will be hotly pursued by all viable landowners and City's. For this reason, it is important that we have as few barriers or obstacles as possible to secure a quality tenant. By baving our approvals/zoning in place, we eliminate a significant uncertainty in tbe analysis from the prospeetive company. In light of the current economy, most corporate executives are very risk adverse. They do not want to spend time or money pursuing a site that has any uncertainty or risk. Therefore, they frequently reject sites if they pose any risk of not closing. If you approve our PUD extension, it puts our site and efforts to secure a tenant at a strong advantage in a competitive marketplace. Some of the other landowners, developers, and City's do not have these advantages and will have to overcome the issues of uncertainty of City approvals, excessive time to achieve approvals, and additional expense that we have proactively . achieved. We invested a lot of time and money to make our site as marketable as possible to potential users, All of the essential issues have been completed such as wetland delineation, civil engineering, survey, topos, environmental, EA W, and Master PUD, We hope you continue to support our efforts to develop this property into a high quality campus that we can all be proud of. Extension of the PUD approval places Interstate Crossing in an ideal situation to capture business growth opportunities as soon as possible in a manner that advances the specific policies and goals stated in the City's comprehensive plan, Sincerely, CMK ARDEN HOLDINGS a Minnesota Limited Partnership Peter C. Carlson Chief Executive Officer PCC/amb . enclosure