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Community Development Department <br />2650 Civic Center Drive, Roseville, MN 55113 <br />G T LETTER <br />November 25, 2003 <br />Allina Medical <br />Jinx Nelson <br />]real Estate Strategies LL <br />81 South Ninth Street <br />Minneapolis, h4N 55402 <br />RE: City of Roseville response to Allina proposal to build in Roseville <br />Dear <br />The City of Roseville ]Mayor and Council are excited about the prospect of Allina Medical <br />constructing its new headquarters building within Roseville's Twin Lakes Business Park and <br />becoming part of the community. In that regard, on November 24, 2003 the Roseville City <br />Council unanimously voted to offer Allina and/or Ryan Companies on behalf of Allina several <br />forms of assistance for this redevelopment project. Rosevi lc understands the challenges of <br />redevelopment and is willing to provide this assistance for an expedient and quality <br />redevelopment within Twin Lakes for Allina. <br />1. The Allina proposed headquarters office building�which is understood to be a maximum of <br />seven stories and located at 2814 Cleveland Avenue and certain adjacent land, is consistent <br />with the City's Turin Lakes Master Elan and needs only to complete the standard 60-day <br />zoning amendments and permits. <br />2. City tax exempt financing (pass - through bonding) to the extent that is legally and financially <br />feasible (through either Allina or Ryan Companies) will be supported to assist in the project <br />costs including the acquisition, site development and building construction. <br />3. Long terra (2o gears or more) law interest special assessment financing for rewired public <br />improvements which impact the site and the site development can be provided at a below <br />market interest rate. The current estimated interest rate is 6 percent. <br />The current Allina proposed site does not have frontage on the proposed Twin <br />Lakes Parkway and therefore would not trigger its construction. However, when <br />that part of the redevelopment occurs and the Parkway is constructed assessment <br />of the costs for the construction will be applied to all properties within Twin <br />Lakes based upon both area -wide and front foot formulas. `Area - pride" means <br />all parcels not directly fronting on the parkway, but within the Turin Lakes <br />