Laserfiche WebLink
<br />- <br /> <br />thought that they were doing a lot of environmental work - but they have" <br />delivered only items taken from other people's reports, <br /> <br />DA>-4" <br /> <br />At what point will CRR be doing more characterization? <br /> <br />B.R.: CRR needs to be sure to do characterization per MPCA input and <br />guidelines. We still don't know what those will be. <br /> <br />3) How much cleanup, in dollar terms, do you think there is based on what you <br />know today? <br /> <br />B,R.: CRR reviewed currently available data, "laid it over" the Vento Plan, <br />and the best dollar estimate they have at this time is abont $55 million (which <br />does not include ground water clean up). They feci this is a realistic number <br />with a + or - factor of $10 million. Insurance plays a role. <br /> <br />What financial/clean-up analysis (exactly) is CRR using to determine whether this <br />development is viable? Give specific benchmarks. <br /> <br />4) Centex specializes in entry level housing (reference the "Parade of Homes"). How <br />can you make the Council feel comfortable that Centex can offer mid and upper <br />level products? <br /> <br />S.R.: What the planning community comes up with will drive decisions - will <br />have to make sure it's financially viable. Depending on planning outcome <br />may sell lots to add to diversity and offer different price points. The city <br />council will ultimately determine design standards and product mix. <br /> <br />. <br /> <br />5) What financial incentive is there for Centex to include other builders? How would <br />it be structured? <br /> <br />S.R.: it depends on the final product desired, etc. If Centex doesn't build <br />that product, then they will sell the land to another builder, <br /> <br />6) Why does CRR appear to focus on housing? <br /> <br />B.R.: There is a lot of discussion about housing because of the higher clean- <br />up standards required. Also, housing was a part of the Vento Plan. <br /> <br />Per the discussion outline provided by CRR, there are approximately 600 <br />gross development acres, with 424 acres net buildable. CRR currently <br />assumes 212 acres of residential and 212 acres of commercial will be <br />developed. <br /> <br />7) <br /> <br />What is the industry average revenue/profit potential per foot (yard, acre) of <br />office vs. residential? Please address this from a City and a developer perspective. <br /> <br />. <br /> <br />IIEarth \Admin ICity Administratorl TCAAPI5-l 0-04 Q&A Responses.doc <br />