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<br />JUN. 4.1998 11:49AM <br /> <br />DOMINIUM <br /> <br />i'iC!.653 <br /> <br />P.3/3 <br /> <br />concept would likely be to develop a 3-story building with underground parking. The <br />units would be owned by the senior residents in a cooperative ownership structure. We <br />have analyzed the financial feasibility of this property for senior housing development. <br />This Development would likely require TIF support for demolition and land write~down. <br /> <br />Provided that the City Counsel and Planning Commission would took favorably <br />upon are-zoning of the property for senior housing and TlF support for land write-down, <br />Dominium would be willing to assemble the site and develop this property for senior <br />housing. <br /> <br />We would welcome the opportunity to work with the neighborhood and the City <br />of Roseville to deliver quality senior housing in your community. <br /> <br />