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caSTeo WHOLf:SALE, INC., CASE 1676 Page 2 the "Wholesale Club" concept being accommodated in Roseviile as well, rather than drawing off this market to a contiguous suburb. Thus, we suggested to the seekers of Wholesale Club sites that the most appropriate location in the City of Hoseville would be on County Road C, between Interstate 35W and Snelling Avenue. 5. One of the wholesale merchandising companies, the Costco Company, currently proposes to locate a facility on the Indian Head Truck line site. This site is located between Prior Avenue and Mount Ridge Road, north of County Road C and consists of 10.7 acres. Attached is a statement dated June 2, 1986, from the Wahl and Associates Company (representing Costco) and a stock an,?lysis from Merrill Lynch prepared earlier this spring outlining operational and fiscal characteristics of the company (which may be helpful in understanding how the company works). Also ,attached are copies of a site plan, a landscape plan, and exterior elevations of the proposed structure. 6. From the outset, we have advised Costco that to be acceptable in Roseville at this location, the building should be constructed of quality building material (preferably all brick), there must be extensive landscaping with 3 percent of the parking area landscaped as required in the 8-4 district. In addition, the unimproved streets both to the cast and the west contiguous to their property would have to be improved at their expense, and roof top equipment must be screened with the extension of parapet walls around the periphery, as is frequently done in a quality office structure. 7. These are important considerations since this.. proposal represents the first stage of the redevelopment of a significant truck terminal area in the City of Roseville which we feel has considerable potential for the future. Conforming to these basic criteria, the Costco Company proposes to build an all brick veneer structure (all four sides) with a parking 702 stall parking Jot (534 stalls required). Talking with some of the wholesale merchandising operators, the larger parking ratio is required because a typical customer may stay from an hour to an hour and a half. Thus, the sales volume per customer is relatively high, producing the turnover of stock required to operate at a low discount. 8. The area of land from Interstate 35W to Snelling Avenue is largely designated and has been developed as industrial over the past thirty years. Along County Road C, truck terminal uses predominate. As you all know, the trucking industry has gone through remarkable and rapid change, resulting in many truck terminal sites now being redundant, out moded, and ripe for redevelopment. We suggest that the amending of the comprehensive plan be amended from industrial to business in this area. We believe that this change is appropriate and represents a signi ficant increase in the quality of development which currently exists in this area. 9. Clearly, it would be better if a ten story office building was proposed for the site. However, with the amount of office space already designated, planned, and approved in important tax increment areas .of the City, we feel that the market for larger scale office structures will be a considerable distance away. We feel that the Wholesale Club will draw consumers to Roseville and, with a quality structure, improvement