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<br />June 23, 1989 <br /> <br />Mr. craig Waldron <br />City of Roseville <br />2660 civic Cente~ Drive <br />Roseville, M1~ 55123 <br /> <br />Dear Craig: <br /> <br />~hank you for taking the time to discuss procedures for the City <br />to structure a tax inc!'€.llient prugraUi for Hewlett Packard. We <br />discussed the cost, of the 5truct'lr~d parking for :iewlett Pac;Card <br />which is required due to their heavy pa:;:-},:ing requirement for <br />visitors, You asked that we c~mpare the cost of an above ground <br />str..lcture as opposed to builcting the rarking on grade, through <br />utilizing additional la~d area, The following is an approxiEate <br />prlce comparison: <br /> <br />1 <br /> <br />Cost cf structured parking <br />(500 cars; $5,250 per car) <br />Land Cost for structure~ Parking <br />(57,500 ~quare feet; $5.90 psf) <br />T~ : struct~red Parking Lot <br /> <br />$.i ,725, GOO <br /> <br />__139,2S0 <br />$5,064,250 <br /> <br />..., <br />"- . <br /> <br />Land cost for surface par~ing <br />(300 cars; 400 sq. ft. per car; $5.90 psf) <br />C05t of constructing surface parking <br />(900 cars; $850 per car) <br /> <br />$~ , 124 , aDO <br /> <br />765,000 <br />~2 . 1;89 . 000 <br /> <br />Increased cost fe:.' structured p<.rki;:g <br /> <br />S2.1?2..,25Q <br /> <br />11.1 thc-~CIh the cr-st of ~rov i d i ')0 st n~('t\;r",c1 !"o'! rk i n<:; p,(",~p"c: t-h.,. ,..t"1c:r <br />~f su~face parking, the great nu~ber of parking s~aces prohibits <br />buildiny all surface parking as t.he dist::\nce from most of the <br />par\';ing to the E~ilding would be C',1bstantia:i and th~rf>fore <br />unaccep~able. Also, ~he land area used t~ b~ild surfac~ pa~kjng <br />