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The City of Roseville, encompassing an area of 14.3 square miles, has over 34,000 residents and 40,000 jobs within 2,100 companies. The City is a well planned, first ring suburb strategically located in the north central portion of the Twin Cities Metropolitan area. Since 1994 Roseville has experienced substantial amount of new construction and growth with an average of$52 million in new construction annually. Roseville's strategic regional location and excellent access have influenced many developers and builders to invest in the community over the past five years including Ryan Companies, McGough Construction, CSM, Opus, Kraus Anderson, Meritex, Space Center, Everest, Wellington Properties, College Properties, Good Value Homes, Rottlund, Pratt Homes, and Masterpiece Homes. 4.0 Site The City of Roseville has designated the Twin Lakes Business Park as the next major redevelopment area within the industrial and office sector stretching along 1-35W and Highway 36. This "Smart Growth Regional Center" (so designated by the Metropolitan Council and North Metro 35 W Coalition) includes Centre Pointe, Gateway, Twin Lakes, and Tower Place business areas and the Rosedale Regional Mall area. 5.0 Comprehensive Plan Designation While shown on the City's Comprehensive Plan, Future Uses Map (attached), as a mix of business and industry, the city's comprehensive plan written policy designates the Twin Lakes site for a mix of business uses and a chancre from industrial uses to office, high-tech high flex uses and buildings for research, service, biotech purposes, and possibly housing. The plan also identifies the site as a possible location for a planned unit development(PUD). Such a PUD could include a mix of business and housing types including single build-to-suit business sites, multi-tenant offices and showroom or research uses. Housing could be owned or rental, market rate or subsidized multi story apartments and possibly townhomes. 6 . 0 Zoning The site is zoned (map attached) a mix of"I-1" Light Industrial, "I-2" General Industrial (the most permissive zoning district), and "B- 1" Limited Business and "B-4"Retail Office Service. The City policy is to rezone such sites as a PUD to provide design and use flexibility for an appropriate well-designed business park. The site coverage of development on this site could range from 30 to 45%per acre in a mixed-use format, but must include adequate parking, landscaping, and pondinglopen space. The existing older structures in the business park are of Twin Lakes Renewal Strategy August, 2000 2 of 9