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<br /> <br />" <br /> <br />October 4, 2004 <br /> <br />Mr. Peter Hellegers <br />City Planner <br />City of Arden Hills <br />1245 West Highway 96 <br />Arden Hills, MN 55112-5794 <br /> <br />RE: Interstate Crossing - Arden Hills <br /> <br />Dear Mr. Hellegers: <br /> <br />We respectfully request the renewal of the current Master PUD for an additional twelve months. <br /> <br />L Status of A TS and Rail Propertv <br /> <br />A TS Propcrty - Executed Purchase Agreement and expect to close this fall. <br /> <br />Rail Property - Agreed to the Purchase Agreement. Expect to execute Purchase <br />Agreement this week. <br /> <br />II, <br /> <br />Status of Proiect <br /> <br />. <br /> <br />a) Market is slowly improving with more activity seen by larger companies planning <br />for consolidations and new facilities, <br />b) We have seen an increase in requests for information by potential users. We have <br />one company that we are actively in pursuit of that needs 150,000 square feet. <br />They are consolidating five locations. <br />c) We retained Cuslnnan Wakefield/Northstar Partners to market the site for us. <br />They are one of the top national firms in the Twin Cities and have been very <br />active in marketing the property throughout the Twin Cities, See attached for a <br />brief summary of their activities. <br /> <br />III. Master PUD <br /> <br />Purpose: <br /> <br />a) <br /> <br />Modify the Gateway Business District zoning to include multi-story (up to 8 <br />stories) office buildings and othcr changes that provide more flexibility for a high <br />quality development. <br />Reduces uncertainty for corporate user. <br />Faster approval process for corporate user. <br />Defines the development and building guidelines for corporate user. <br />Reduced predevelopment expenses to corporate user. <br />Competitive advantage over most sites in competing cities. <br /> <br />. <br /> <br />b) <br />c) <br />d) <br />c) <br />f) <br /> <br />11100 \v:\YZ__\H BOULn"_\RD. SUITE 766 .. i\:iINNETONK.\. ,\'\l"'~E.SOn 55305 <br />TELE.PHONE (952) 847-2444" FAX (%2) 595-8247 <br />