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I Mr. Keith Wietecki Page Two March 8, 1996 out for the Citizens and taxpayers of Roseville in order to more clearly assess the propriety and feasibility of the entire project, its assumptions and its impact on area property owners and taxpayers. The Northwest report was followed up by a memorandum by Craig Waldron to Jim Andre dated September 15, 1988 (copy attached) which further highlights the lack of financial viability of Twin Lakes. To date, we are unaware of any follow up studies which have been conducted and presented to all of the area property owners and the citizens of Roseville which address and clearly assess the impact of these redevelopment efforts may have on them, the underlying assumptions associated including financial feasibility and funding sources for all of the redevelopment costs associated therewith. If there have been additional studies conducted and completed for the area, we would like the opportunity to have our consultants review and comment on them and their impact on Centre Pointe and all surrounding properties. In addition, we believe that the final plans for all of Twin Lakes, once approved by the City and area property owners be submitted to the other appropriate regulatory bodies prior to the commencement of any further development. By utilizing this approach, all issues concerning feasibility area impact and the propriety of all of the underlying assumptions may be set forth to the greater public at large, thereby avoiding the substantial risks which are inherent in the piecemeal approach which has been undertaken to date. Moreover, it only seems reasonable, fair, and prudent, that given the enormous investment which we have made in Centre Pointe be protected and that the same, or conceivably higher, standards be applied to Twin Lakes, given that the magnitude of the project of some 200+ acres and the beautiful park and Langton Lakes area abutting the property, as compared with 60 acres for Centre Pointe which abuts 1-35W. While the staff report for the Midwest Motor Express site plan indicates that the City's consultant, BRW, is attempting to seek approval for a relocated northbound 1-35W on/off ramp, we have not been contacted concerning any such proposed design concepts, any input concerning the proposed plan nor have we been given. any information concerning the underlying assumptions concerning the necessity of such a proposal and how such project would be funded or affect the development of the Centre Pointe project either in its location, appearance, impact on traffic flow, impact on water table levels from proposed drainage plans for Twin Lakes, etc. While we understand that Ryan has entered into a Development Agreement for the Midwest site, and may own the property, the City has committed to reimburse Ryan for all of the site acquisition, clean up, grading, landscaping, paving and other associated site costs including real estate taxes through the year 1999 which constitutes a multi-million dollar commitment of the City. Moreover, the agreement provides that, subject to a variety of contingencies not the least of which is securing tenants, Ryan has at least until January 1, 1998 to commence construction on the property. Thus, the approved development agreement should in no way constitute reason for continuing to proceed with a piecemeal development approach for this 200 acre development, rather than completing and following a comprehensive, clearly defined overall site plan along with a thoroughly investigated study of all of the issues conceming the entire Twin Lakes project's overall feasibility, impact on the area and the community. Proceeding today on a piecemeal approach, not only sets only a minimal standard, at best, it leaves no room for correcting the mistake if development is allowed to continue without a thorough understanding of all of the issues, obstacles, costs and related impact of the many unanswered questions associated with Twin Lakes. ~