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<br />3 <br /> <br />build-to-suit arrangement. Frauenshuh Companies called "time out. It Hauschild and <br /> <br />Strassburg urged Computype to consider the potential for assistance from the City of <br /> <br />Roseville. "Our first response to the idea of working with the City was 'Great! >II noted CFO <br /> <br />Stenbeck, "But we had a very short time frame to work with and were skeptical that a <br /> <br />municipal process could be responsive enough." <br /> <br />Frauenshuh Companies had worked with the City of RoseviIle on behalf of other clients and <br /> <br />knew that the City was committed to developing and maintaining its head-of-household job <br /> <br />base. Community Development Director Dennis Welsch responded quickly to Frauenshuh's <br /> <br />alert. After meeting with Computype officials and touring their operations, Welsch, City <br /> <br />e ~Ded e ~e.- <br />Manager Steve Sarkozy and City Council Member JOM Qeedekle came back to Computype <br /> <br />with an idea. They outlined the possibility for the City to provide a loan to finance <br /> <br />Computype's reconfiguration costs. Such a loan would help keep Computype in Roseville <br /> <br />and accommodate its expansion and significant equipment additions in the current location. <br /> <br />They pledged their responsiveness in exploring the possibility but noted that certain <br /> <br />conditions would apply: an acceptable interest rate would have to be negotiated, repayment <br /> <br />terms defined and, most importantly, the loan would have to be secured with collateral to <br /> <br />protect the City. <br /> <br />Computype was delighted by the City's interest and intrigued by the loan possibility. But <br /> <br />company management had concerns as well. How long would it take to negotiate and <br /> <br />finalize the commitment? Might the company have to submit to a process of committee <br />