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<br />all parcels not directly fronting on the parkway, but within the Twin Lakes <br />Development area such as the proposed Allina site. There are between 16-28 <br />parcels which could fit this definition, over which an area-wide assessment could <br />be placed. Area wide assessments are normally pro-rated on a square foot basis <br />of the total parcels within the "area-wide" calculation. No one property will bear <br />the costs of all the parkway. Usually such areas vs. front foot costs are 25% area- <br />wide, 75% front foot, or some similar ratio. For example, the actual road <br />construction cost estimated at $6 million would be broken out into $] .5 million <br />area-wide and $4.5 million on a front foot basis. Using this formula the cost to an <br />11 acre Allina site would be estimated between $100,000 $200,000 spread <br />across 20 years. <br /> <br />. Low-interest, deferred assessments for other off-site road improvements related <br />to the Twin Lakes Parkway such as rebuilding of County Road C and the <br />Cleveland A venue intersection would also be supported by the City. However, <br />the impact to the Allina proposed parcel for these ancillary improvements would <br />be minimal using the same area-wide assessment calculation explained above. <br />Generally, the city share of the construction and landscaping costs for these <br />intersections is less than 25% ($250,000) of the total $1 million project costs. <br />Using the same area-wide calculation as above, the costs, which would be split <br />on a square foot basis throughout the County Road C area, would be 25% of the <br />City's costs or about $62,500. <br /> <br />. Low interest deferred assessments may also be supported for the required storm <br />water improvements as part of the construction of the project. The City will <br />work closely with Rice Creek Watershed District on this issue throughout Twin <br />Lakes Redevelopment Area to assure that previous regional ponding would be <br />taken into consideration when reviewing redevelopment in the area. The City will <br />continue to meet with Steve Hobbs of the Watershed District to discuss the <br />previous work and assessments for storm water as well as any new requirements <br />that Rice Creek Watershed might require for the Allina proposed site. <br /> <br />4. The use of eminent domain is an available public purpose tool that the City ~ use <br />within the Twin Lakes Redevelopment area, which includes the Allina site, to further the <br />public purposes of the Twin Lakes Redevelopment Plan. As a last resort, to establish fair <br />market value, the City wiH-use this tool to assist Allina in acquiring the necessary land for <br />their project. <br /> <br />5. Roseville will support the use of its US EPA Brownfield Revolving Loan Funds, which <br />provides deferred and/or forgivable loans for environmental cleanup associated with the <br />redevelopment in Twin Lakes. <br /> <br />6. In addition, the City would apply for contamination clean up funds from the Metropolitan <br />Council's Tax Base Revitalization Grant. This grant has a semi-annual cycle and reimburses <br />communities for contamination as part of the redevelopment process. The City in turn would <br />reimburses Allina and/or Ryan Companies for any the clean up costs associated with the site. <br /> <br />7. The City of Roseville is currently working with Metro Transit to ensure that there is adequate <br />transit to serve the Twin Lakes Business Park. A medical office building would provide the <br /> <br />2 <br />