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be redeveloped. Therefore, approximately 101 acres within the subdistrict are developable. The City shall provide a notice of the intent to pursue development of the property within the subdistrict and is required by its existing agreement with Ryan Companies to provide Ryan with the right of first offer to enter into a development agreement for the property. This would apply to any development within the Twin Lakes Development Subdistrict where 10% or more of the new development is proposed to be office, medical, showroom, warehouse, or other light industrial development. If the City receives an offer for development from any other developer, the City, before accepting that offer, must offer the same agreement to Ryan Companies for development of the same property at no less favorable terms and conditions than those contained in the agreement with another party. Ryan Companies then has 20 business days to accept the agreement. If Ryan fails to exercise its fIrst right within 20 days, its rights are deemed waived and the City can pursue development with the other developer. The first offer rights in the agreement run until November 24, 2003. If the City fails'to notify the developer in writing 60 days prior to that date of expiration, then the expiration date is automatically a-rended to November 24, 2008. \ Land Use and Zonine The existing Land Use Plan for the City designates the area as predominantly I-Industrial, with B-Business for the Snelling Avenue frontage as well as the comers on COW1ty Road C at Fairviewand Cleveland. Both Lani10n Lake Park and Oasis Park are reserved as public parks and the existing residential area between the parks is designated for LR - Low Density Residential. The zoning follows the Land Use Plan closely with the exception of the Rosedale Square Shopping Center, the Roseville Crossings Center:and the Centre Point Project, which have been rezoned to Business PlaIUled Unit Developments. The trend is to move from predominantly industrial zoning to more professional or corporate office, office-high tech assembly, and limited retail zoning. The City also wants to provide a wide range of housing opportunities for its present and future residents. The apartment and townhouse vacancy rate in the City is extremely low. There is a market for an additional 100 units per year of mixed use multiple housing in Roseville into the next centwy. Opportunities for multiple housing are a part of this Plan. ~ The Twin Lakes Land Use Plan embodies the following goals: I) The City encourages Office and Office-high tech assembly uses where they have immediate access to County Road and freeway. 2) The City encourages limited support retail uses where most appropriate: along County Road C, where shoppers will have easy access from the Rosedale area, J:\char\~51 ch\document\2tw\nlakt.r~ 2