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General Comments: We would also like to take this opportunity to respond to the City staff analysis of April 13, 1995 and the most recent package we received dated July 6, 1995, In the staff analysis we had numerous questions but we would like to respond to one specifically, From the staff analysis in the category of "net tax base increases by at least 200,000", shows MSP and Dominium as "exceeds expectations", and Rottlund "as below expectations", yet in the financial category of the City staff review it show Rottlund and MSP to be virtually the same and Dominium at a lower figure, Also Dominium's footnote shows "many issues are difficult for developer to determine at this time; makes answers to portions of proposal uncertain". MSP footnote states, ''Need cost recalculation based on number of allowable housing units. City must decide if affordable senior of family housing meets goal" , We feel this category incorrectly shows Rottlund as "below expectations", especially with all the unanswered questions about the other developer's proposals. In the most recent package from the City staff, there is a letter from MSP including the "comparative cash flow benefits to the City of Roseville" . In each case they show Rottlund with a $400,000 City subsidy. This is unclear. The only request Rottlund is making of the City is for demolition of the building, of which, the City has estimated at $110,000, Also MSP calculations of the taxes generated by each proposal grossly differs from the City estimates, The City shows MSP and Rottlund to be similar with Dominium to be less than both. MSP shows the taxes generated to be considerably higher for MSP than the City shows Dominium and Rottlund. We recommend the City rely on their own analysis to determine factual compansons, We are sympathetic to the difficulties in comparing each of these proposals, but the Rottlund proposal is simple, We pay $1,000,000 cash for the land, the City presents a clear/clean site. We then develop a neighborhood of needed affordable housing for future homeowners of Roseville that are singles, young couples, single parents, empty nesters and seniors. These new homeowners would have an investment and ownership in Roseville, pay their taxes like all other homeowners ofRoseville and these taxes would go to the City, schools, county and State, This neighborhood is compatible to the existing surrounding neighborhood in product type, scale and architecture. The proposed neighborhood would be attractive, enduring and an enhancement to the community and we are proud and excited to present this proposal to the City ofRoseville. We are also flexible in development schedule and configuration; our proposed housing is also flexible in site design opportunities. The Rottlund development team is all within The Rottlund Company, Inc, located in Roseville and we would enjoy and appreciate the opportunity to develop the Arona housing project. TW/ms rose2.doc 7/17/95 The Ronlund Company, Inc. July 17, 1994 5