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Last modified
7/17/2007 9:25:33 AM
Creation date
5/13/2005 4:37:49 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
10285
Resolution Title
AUTHORIZING CONTINUATION OF THE CONTRACT FOR EXCLUSIVE NEGOTIATIONS BETWEEN THE CITY OF ROSEVILLE, MINNESOTA AND THE ROTTLUND COMPANY, INC. FOR THE TWIN LAKES REDEVELOPMENT AREA
Resolution Date Passed
3/14/2005
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<br />EXHIBIT B <br /> <br />~ <br />ROTTLUND HOMES™ <br /> <br />~ <br />7:7!-r/d5 <br /> <br />A DMSION OF THE ROTTLUND COMPANY, INC. <br /> <br />March 4, 2005 <br /> <br />Mr. Neal Beets, <br />City Manager, <br />City of Roseville, <br />2660 Civic Center Drive, <br />Roseville, MN <br />55113-1899 <br /> <br />Dear Mr. Beets, <br /> <br />RE: Contract for Exclusive Negotiations <br />Twin Lakes Redevelopment <br /> <br />This is further to our attendance before Roseville City Council on February 28,2005. <br /> <br />In accordance with questions posed by Councilor Thlan and a commitment made by Rottlund <br />Homes, attached you will find a revised "Twin Lakes Redevelopment Proforma - Sources and <br />Uses". This statement incorporates revenue forecasts from the development of an office building <br />on the Dorso property. The impact ofthis addition has been to reduce net income slightly. This is <br />due to the allocated cost of development exceeding projected revenue from the finished office <br />building. <br /> <br />This information along with the assumptions, runs and associated detail has been provided Krass <br />Monroe. <br /> <br />We trust this provide the further information promised Council. Should you require anything <br />further, please do not hesitate to contact me directly. <br /> <br />Yours very truly, <br /> <br /> <br />~l~ <br /> <br />~ i~~resident, <br />Minnesota Division <br /> <br />JMN/jrnn <br /> <br />Encls. <br /> <br />c.c. Dennis Welsch, City of Roseville <br /> <br />J <br /> <br />@ <br />uc~~s~UJlfi~~ M LS Eog~6'f-M~~~ <br /> <br />3065 CENTRE POlNTE DRIVE ROSh"VILLE, MN 55113 <br /> <br />(651) 638-0500 FAX (651) 638-0501 <br />
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