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33-eAkcit -1444101,o(-- <br /> 7/1 to <br /> Twin Lakes Stakeholder Panel. <br /> C . Roseville, Minnesota <br /> Commercial Sub-Developer <br /> OPPORTUNITIES'AND LIMITATIONS <br /> June 10,2004 <br /> OPPORTUNITIES <br /> 1. We can design and construct a trendsetting,very attractive commercial/retail component <br /> to a mixed use center. <br /> 2. We can create a new,attractive gateway to the City of Roseville. <br /> 3. We can create a new standard and level of landscaping, streetscape beautification,etc. <br /> 4. We can construct a project that will have an appearance that is entirely different than the <br /> standard retail product in the Roseville trade area. <br /> 5. We can attract new and desirable retail tenants to Twin Lakes, which will compliment the <br /> adjacent residential portion. We can attract these tenants only with a large user serving as <br /> an"engine". <br /> 6. We can leverage the desirability of the Roseville market and difficulty of obtaining <br /> approval into demanding that the tenants agree to uncomfortably high design and <br /> architectural standards. <br /> 7. We can reduce the size of the retail/commercial component from the previous range of <br /> 450,000--500000 s.f.to the range of 350,000—375,000 sf. <br /> 8. We can design a component that has an old,"Main Street"appearance and feeling. <br /> 9. We can inunediately construct a retail center that generates TIF proceeds and conttibutes <br /> to the overall regional development costs. <br /> 10. We can obtain rents from prospective tenants whieli-Would be the comparably highest <br /> rents within the.Roseville trade area to defray kighdevelopment costs., This will be the <br /> highest cost,comparable commercial development&Roseville, <br /> 11. We can bring new tenants and users to the Rosevilletrade area.1With ourhigh design <br /> standards,we can raise the bar for all retail centers in.Roseville. <br /> 12. We can limit development to one large:retail user(the"engine:). <br /> 13. We can help close the financing gap by reducing the retailkoinmercial portion-and <br /> increasMg the residential portion. <br /> 14. We can clean up existing environmental contamination in-accordance with MPCA <br /> standards. <br /> 15. We can improve access to and quality of the Langton Lake Park experience. <br /> 1 <br />