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<br />The City of Roseville is currently reviewing the master plan for Twin Lake Business <br />Park, which includes the Indianhead site. It is estimated that a minimum of 155,000 <br />square foot industrial/flex building would be constructed on the site. It is estimated <br />that this development could result in 420 jobs, an estimated payroll of $9,500,000, and <br />estimated taxes of $345,000. Current taxes are approximately $90,000. It is possible that <br />a more valuable use could develop on the site. <br /> <br />The City applied for and received a two year grant from the USEP A for site assessment <br />and remediation planning in connection with the construction of the Twin Lakes <br />Parkway. The grant is in the amount of $200,000. <br /> <br />9 <br />