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Roseville School District Property 15 October 1993 Page 2 Based upon that recommendation, the Board decided to proceed with Concept B. They also decided to hold one more public information meeting prior to beginning the City Planned Unit Development review and approval process, which will in turn involve a number of public meetings and public hearings. That meeting is scheduled for Monday, October 18, at 7:00 p.m. at Roseville City Hall. The focus of this meeting will be on providing information and answers, particularly regarding traffic and the process and schedule to follow. The Board intends to convey to the community that they are proceeding with the development of the property and they have selected Concept B as the basic approach to guide the development process. In addition to this information, we will also share the approach that the Board will be taking to selecting a developer and the timing for this selection. This involves a shift from our initial thinking, and I want to explain what we are currently recommending and why. The original idea was to proceed through the Concept Stage of the PUD, get approval and then bring a developer on board. The rationale was that this would allow the school district and you to sell approved real estate and realize more money. Based upon extensive discussions with prospective developers and subsequent discussions with the District 623 staff, the current plan is to select a developer before the Concept Stage plans are prepared. The primary reason for this change in approach is due to the fact that there are some inevitable refinements and modifications to any concept plan when a specific development, with specific units are designed to fit on the property. Given the understandable level of concern that exists within the surrounding neighborhoods, we feel that it is in everybody's best interest to focus on the actual plan and actual building types, landscaping, grading plans, etc. With this in mind, we are currently working on a Request For Proposal (RFP) that will be sent to interested developers. This leads me to the key questions that the Board has asked me to pose to each of you. A number of the interested developers have inquired about your interest in developing your property at this time. I explained that we had some general discussions, but, that the question had not yet been answered. Several developers expressed the opinion that it would be preferable for the school district and yourselves to "package" the properties, so they would not have to deal with everyone individually. The first question, therefore, is are you interested in selling your property for development as part of this process? If the answer is yes, then we should discuss how that should be accomplished. Understand that even to proceed with including your land in the planning approval you will need to sign the PUD application. To actually sell your property to the same developer, some form of agreement would need to be drafted. I will discuss this step with a real estate attorney, if you are interested in developing at this time. If we assume for the sake of discussion that you all decide to join together in this development process, several important issues will need to be resolved. First of aU, the Roseville Comprehensive Plan designates the School District property as MR, Medium Density Residential, the Grauel and Roberts properties as Singte.Pamily Residential, and the Gryskewicz property as future park. Concept B, on the other hand, shows all of the Grauel and Roberts properties as townhomes, places all of the park dedication on the School District property, and shows at least part of the Gryskewicz property as part of a single-family lot. Consequently, if you are a11 interested in development at this time, it would be fair for all of the owners to share on a prorated basis in the total sale proceeds. ~This would avoid the potential