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<br />. <br /> <br />. <br /> <br />. <br /> <br />Mr. Peter Hellegers <br />August 30, 2005 <br />Page Two <br /> <br />d) PUD defines the development and building guidelines for corporate user. <br />e) We have prepaid for Ihe EA Wand other entitlement PUD expenses which reduces Ihe <br />predevelopment expenses to a potential corporate user. <br />f) Competilive advantage over most sites in competing cities. <br /> <br />Our strategy is to continue to aggrcssively pursue quality companies when they come to the market. <br /> <br />By having our approvals/zoning in place, we eliminate a significant unccrtainty in tbe analysis from <br />tbe prospcctivc company. In Jighl of the current economy, mosl corporate executives are very risk <br />adverse. They do uot want 10 spend time or money pursuing a site that has any uncertainty or risk. <br />Thereforc, they frequently reject sites if they pose any risk of zoning problems. <br /> <br />If you approvc tbe PUD cxtension, it puts Ihe site and tbe City of Ardcn HilIs cfforts to sccure a <br />bigh Quality tenant at an enbanccd position in any compctitive marketplace. Some of the other <br />landowners, developers, and City's do not have these advantages and will have to overcome the issues of <br />uncertainty of City approvals, cxcessive lime to achieve approvals, and additional expense Ihat we have <br />proactivelyachieved. Conversely, if Ihe sile does not have the current PUD in place, it will put Interstate <br />Crossing at a substantial competitive disadvantage. <br /> <br />We invested a lot of time and mouey to make the site as marketable as possible 10 the best potential users. <br />At our expense, many of Ihe essential issues have been completed such as wetland delineation, civil <br />engineering, survey, tapas, environmenlal, EA W, and Master PUD. <br /> <br />We appreciate your continued support of our efforts to develop Inlerslate Crossing into the highest and <br />best use, quality campus which will provide substanlial jobs and economic benefils to the City of Arden <br />Hills. Extension of the PUD approval places Inlerstate Crossing in an ideal situation to capiure business <br />growth opp0l1unilies as soon as possible in a manner that advances the specific policies and goals stated <br />in the City's comprehensive plan. <br /> <br />Sincerely, <br /> <br />CMK ARDEN HOLDINGS <br />a Minnesota Limited Partnership <br /> <br /> <br />;~~ <br /> <br />/ <br /> <br />Peter C. Carlson <br />Chief Execulive Officer <br /> <br />PCC/amb <br /> <br />ec: Diane Fredecn <br />