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<br />ROYAL.~OAKS <br /> <br />- REALTY, INC <br /> <br />. <br /> <br />April 27, 2006 <br /> <br />City of Arden Hills <br />1245 Highway 96 <br />Arden Hills, Minnesota 551 12 <br /> <br />Dear Mayor Aplikowski and City Council members David Gral1t, Brenda Holden, <br />Gregg Larson, and Vincel1t Pellegrin: <br /> <br />Attached to this letter is a copy of our new site plal1 for the Arden Hills Office <br />Park. The revise plan now has 23 office condominium units (seven less units) and <br />a total of 62,432 building square feet. Based upon the City's parking standard of <br />one spacc pcr 250 sq.ft. of building area we are sho",ing 250 parkil1g spaces. The <br />existing curb cut onto Highway 96 wi]] contil1ue to operate as a right in! right out <br />only movemel1t. We are showing access to Hamline Avenue which you have also <br />expressed an interest in limiting traffic to right in/right out movemcnts only. <br /> <br />. <br /> <br />This new site plan has a floor area ratio of 0.21 . The site impervious lot coverage <br />is 55% and the site open space is 45%. Wc have provided a 26 foot building set <br />from the existing bike path on the west side of the property. The significant <br />reductiol1 of units also provides for the oPPOliunity of additionallandscapil1g <br />aroul1d the site. <br /> <br />We hope you find these site plan adjustments in concert with your dircction given <br />to us at the April 17 , 2006 City Coul1cil workshop meeting. <br /> <br />The lollowil1g comments pertain to the currel1t appraisal of thc subject property <br />by BRKW Appraisals,lnc. dated January 28,2006: <br />I. The highest and best use of the property is for al1 office medical <br />building. COMMENT: A three story office building consisting of <br />100,000 sq.ft. could be constructed on the land within the City's <br />zOl1il1g standards for setbacks, parking, floor area ratio and etc. <br />2. The appraisal assumes "the existing former publie works building <br />improvements have beel1 removed." COMMENT: The initial offer <br /> <br />. <br /> <br />1000 County Road [West, Suite 1.10. Shoreview, Minnesota .1.1126. (651) 483-5518. Fax 16.11) 4tH-5M2 <br />VV\N\"-'. ray a loa ks rea I tV. c orn <br />