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4. iJ ~ Investigation and Cleanup Program through the Minnesota Pollution Control Agency. The City of Roseville and Ryan Companies originally entered into a development agreement which would require them to develop a 155,000 square foot industrial/flex building on the site. It is estimated that this development could result in 420 jobs, an estimated payroll of $9,500,000, and estimated taxes of 345,000. Current taxes are approximately $90,000. "fhis project has now been set :3sidc as RY:3n l-:: -oompte!es work In the Centre p~t~Ojet::t. 'rIv. 1'~ "'" J~ \}S~-'~fty_olv.J. r~~ ~~ P~t ! tewa site, enerall located in t west~rant ~f the..;o:;. " int ~ 'on of 135W and Highway36~ ~'<- ~ ~~CA.c1~.~~ ~~ The City of Rosevillei"ad under option a 34 acre site, generally ~ /Lt.ol~ located in the northwest quadrant of Highway 36 and 135W. Initial ~ ~ environmental studies did not identified 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 contaminatior1, soil and ground water clean up was required. Tt:l& cost of the cle~n up was_ approximate~J)QfbanG::t-n:c-cest=0f-tAe-mvestig~tion ~~the rellreu~ -. ---~QQ,.,..ln addition, poor soils . reas where building foundations were otential funding sources for clean up include City of Roseville tax increment funds, developer, Minnesota Department of LO. (J Trade and Economic Development contaminated soil clean up funds,~ Metropolitan Council Tax Base Revitalization funds. Ultimately an application for $96,000 was made for assistance from the Revitalization fund in November of 1997. . The City reviewed proposals from three developers which could ultimately result in the development of a total of 360,000-600,000 square feet of new office, office/flex, office/warehouse buildings on the site. Thirteen single family homes were removed. The site will generate approximately 800 to 1200 jobs, an estimated annual payroll of $25,000,000, and estimated annual property taxes of nearly $1,000,000 upon buildout. Taxes are currently $30,000. \rrwvht~ "'~ 11