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Construction Timing and Methods The expected year of completion is 2010. With the single exception of Ryan Phase III, which is currently under construction, the City does not anticipate that any new structures will be added to Twin Lakes before March 2001. In addition, the City does not anticipate that construction will have begun on Twin Lakes Parkway until well after 2001. Unfavorable market conditions or other circumstances may contribute to delays in the commencement or completion of construction. The factors which may influence the timing and methods of construction include: 1) the extent of hazardous substances and the level of effort required for clean-up prior to site development work prior to receiving approval by the Minnesota Pollution Control Agency; 2) the national and local market conditions for the proposed type and total square footage for each property, competition with other regional business parks offering similar amenities, and marketability of individual site locations within Twin Lakes Business Park; 3) fmal alignment of the proposed Twin Lakes Parkway and selected staging and sequencing options to provide access to interior parcels; and, 4) degree of local controversy and challenges introduced by current and future land owners and area neighborhoods relative to relocations, condemnations, and site-specific impacts such as traffic or noise. 5) business plans of existing property owners. 6) dates on which the City expects that public funds needed for redevelopment will become available. Building, parking lot, and outdoor storage area demolition and associated utility relocations will occur, and soil correction, surcharging, mass grading, and pile driving will be completed to prepare the individual sites for building development. Erosion control practices will be implemented to protect impacts to Langton Lake and Oasis Pond, and existing trees will be preserved to the extent possible. Provide a 50 or fewer word abstract for use in EOB Monitor Notice: The proposed Twin Lakes Business Development Area includes the development or redevelopment of 30 parcels totaling 738,810 net additional square feet of buildable footprint coverage, for a business park total of nearly 2.1 million square feet. The project is expected to be fully developed by 2010 and will include the construction of a new street (Twin Lakes Parkway), walking and biking trails, and landscaping enhancements. #24397 4