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Attorneys at Law <br />JAMES S. HOLMES <br />DAVID L. G, RAVEN <br />JoHxR. LARSON <br />CHART -Es R. 'BEAVER <br />ROBERT L. DAVIDSON <br />ROBERT J. LINMALL <br />JOHN M. LEFEVREJR. <br />LARRY 'M. WERTHEIM <br />J OH NC. U'TLIEY <br />SrANLiEYE. KEHL <br />JONIATHAN P S,COLL <br />acaujam <br />HOLMES & GRAVEN <br />CHARTERED <br />470 Pillsbury Ccnter Mininc�apiolli,s,l MN 5151402 <br />(6112),339-11771 <br />2200 Northwestern, F'i,nianciia,l Center, Bloomington. MN' 55431 <br />(61,2) 893-9400 <br />James Andre <br />I anageir <br />City Hall <br />21660 CiVic Center Drive <br />Roseville, Minnesota 5511,3 <br />Dear Mri. Andre: <br />■ <br />STEFAN'IE NN. GALEY <br />DANIEL R. NELSON <br />BARBARA L. PORTWOOL) <br />ROBERTJ. DEIKE <br />MARK A. LINDGREN <br />LAURA R. KAISLER <br />CHRISTINE M. CHALE <br />MARY G, Donvss <br />Of Counsel: <br />KATHERINE M. HOLMES <br />The present status of tihe development "is that the developer has obtained control of <br />the Properity and, proposes to enter "Into a d,eveloipment agreement with,, the City <br />that includes certain guarantees contingent upon the City acquirinz the property <br />%.F <br />and seUing, iti bacik to the developer, at a, write-down cost to reflect the soil <br />correction costs., In turn, the developer will construcit the building and, make the <br />0 <br />improvements asi negotiated 'in the Agreement. <br />6-61 <br />