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<br />~ <br />ROTTLUND HOMESTM <br /> <br />A DIVISION OF THE ROTTLUND COMPANY. INe. <br /> <br />.. <br /> <br />October 13, 1995 <br /> <br />Steven R. Sarkozy <br />City Manager <br />City ofRoseville <br />2660 Civic Center Drive <br />Roseville, MN 55113 <br /> <br />Re: Request for ProposaJ <br />RoseviHe Activity Center Site <br /> <br />Dear Mr. Sarkozy: <br /> <br />Since our last work session meeting with the City Council on July 20, 1995 we have tried to <br />address some of the issues raised by the City Council. <br /> <br />\Ve have reduced the number oftownhomes for the singles market and increased the number of <br />single family homes targeted toward empty nesters and seniors. At the same time we have <br />reduced the size of the single family detached home and lowered the estimated sales price to <br />approximately $120,000. The Village Homes are one level with approximately 1,250 sq, ft. <br /> <br />We have developed the plan to function in two phases. The first phase allows for the continued <br />use of the Community Center. This plan is conceptual and we continue to be flexible and willing <br />to work with you on alternative designs. <br /> <br />Based upon this revised concept and proposed phasing we would propose a land purchase <br />schedule as follows: <br /> <br />Phase <br />Phase One <br />Phase Two <br /> <br />Date <br />May 15, 1996 <br />May 15, 1997 <br /> <br />Purchase Price <br />$500,000 <br />$250,000 <br /> <br />Total Purchase Price <br /> <br />5750,000 <br /> <br />The Purchase Price as discussed earlier would be paid in cash on the date of closing, <br /> <br />. .@ <br />f "~-:;,:;~':;~...: <br /> <br />16.:1ILO~GL-\K.ERO,\D ROSE\lLLE. .\I~ mu <br /> <br />161116JS.0;\JO F,~'\ \611 638.0;01 <br />