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<br />without an interim use. Interim use permit preserves the value of a key 8 acre property <br />by: <br /> <br />. Preserving its taxable status; <br />· The Property is in operation and not subject to vandalism, graffiti, etc. <br />. Preserves opportunity for The Property to be redeveloped for its highest <br />and best use. <br /> <br />Win #2 - Northwestern College wins. <br /> <br />NWC is a corporate citizen of Arden Hills and has an interim (36 months) housing need <br />that would be addressed without changes to the existing operating protocol of the former <br />Holiday Inn. NWC has a housing challenge addressed by the issuance of an interim use <br />permit while it constructs on campus housing. <br /> <br />Win #3 - Seller wins. <br /> <br />Seller is currently faced with a closed hotel with limited options during the current <br />moratorium of 12 months (that may be extended) as well as that period of time following <br />the moratorium for the City to institute code changes to the B-2 District. Practically, the <br />Seller is unable to do anything with the property for a period of approaching 24 months, <br />(i.e. 12 months of moratorium, period of time necessary to change B-2 zoning code, plus <br />time to gain City approval following implementation of new code requirements) except <br />potentially sell the hotel to a discount/bargain hotel operator. Interim use permit provides <br />a bridge for The Davidson Companies inc. to acquire The Property during the <br />moratorium and period following the moratorium. <br /> <br />Win #4 - The Davidson Companies, Inc. <br /> <br />The Davidson Companies, Inc. has done business and owned properties in Arden Hills <br />for over 20 years. The Davidson Companies, Inc. is a known entity in the North Suburban <br />community. The interim use permit allows The Davidson Companies, Inc. to acquire <br />The Property; rent The Property to NWC during the moratorium period while at <br />the same time participate and partner with the City in shaping a vision for The <br />Property during the moratorium. <br /> <br />This opportunity preserves the potential for the KEY commercial site in the City of Arden Hills <br />to be developed in to its highest and best use and not leave its use to chance. <br /> <br />Thank you for the opportunity to discuss this matter with you. In the event there are any <br />questions, please do not hesitate to call me at 651-481-6290. <br /> <br />~~~ <br /> <br />Robin C. Davidson <br />The Davidson Companies, Inc. <br />