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The City was awarded a Tax Base Revitalization grant in the amount of $373,000. The project generated $285,979.53 in eligible expenses under the program. In 1997 Fairview H.A. Associates, LLP constructed a 42,000 square foot office/flex building on the site. Currently the building is fully leased by Twin Modal Company and MediaOne. It is estimated that over 100 jobs and an annual estimated payroll of $2,500,000 are a result of this development. Annual taxes on the project equal approximately $135,000. The site, prior to redevelopment, generated approximately $18,000 in annual taxes. 3. Gateway site generally located in the northwest quadrant of the intersection of I35W and Highway 36. The City of Roseville entered into a development agreement with Opus Companies for the development of a 34-acre site generally located in the northwest quadrant of Highway 36 and I35W. Initial environmental studies did not identify any major environmental concerns on the site but there is evidence that the site has been used as a dump and trucking site over the years. Additional environmental review identified soil and/or ground contamination, soil and ground water clean up was required. The cost of the clean up was approximately $100,000, and the cost of the investigation and the remedial action plan was also nearly $100,000. In addition, poor soils had to be replaced in areas where building foundations were proposed. Potential funding sources for clean up include City of Roseville tax increment funds, developer, Minnesota Department of Trade and Economic Development contaminated soil clean up funds, Metropolitan Council Tax Base Revitalization funds. The City was awarded a Tax Base Revitalization Grant for this project in the amount of $72,622 on December 18,1997. Opus Companies completed the cleanup of the property and constructed a 120,000 square foot office warehouse building for lease and a 65,000 office warehouse building for India Handicraft. With the project under budget the City received $51,907 in eligible clean up funds from the Metropolitan Council. It is estimated that when fully developed the project will generate approximately 800 to 1200 jobs with an estimated annual payroll of $25 million. The estimated annual real estate taxes upon completion are estimated at nearly $1,000,000. The site, prior to redevelopment generated approximately $30,000 taxes annually. In 1999, another 128.000 SF is under construction which will complete the development of the business park. 4. Indianhead site at 1947 W. County Road C. Development companies are in contact with the property owners regarding purchase of the site and agreements are expected to be in place in 1999-2000. Detailed environmental investigation has not been completed on the site but there is a history of spills, which have been cleaned on site. It is expected that additional clean up is necessary. If contamination is identified, the developer will be required to participate in the voluntary investigation and clean up program and/or the Voluntary Petroleum Investigation and Cleanup Program through the Minnesota Pollution Control Agency. 8