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<br />FILE t~o.780 09/22 '03 10:49 ID:WELLINGTON FAX:651 292 0072 <br />SC~ 19 Z003 08:05 FR FASYRNSKE LAW FIRM 612 338 3857 TO 95512820072 <br /> <br />\jJelh",~,.. 'FAY (05'1.. 2J,1. - 60'1 '2.. <br /> <br />PAGE 3/ 11 <br /> <br />P.G2 <br /> <br />~~ (,,.); <br /> <br />f the MOD is to set forth underseantg of fu~wrc .spanSl ilities and <br />obligations to be more lly described in a redevelopment agreement for located <br />generally at 1515 County Dad B, 1500 Highway 36 West, and 2194 State P~rm ad (the <br />rOlDevelopment PropertltS") currently owned or under contract by Targd Corporation and ~ ~ e.. <br />~f affiliate Wellington Mtm~gcm(:nt. Inc. ([.. .)"). The MOU, based on the <br />!P . R...t19"919F~S site plan proposal dated August 4, 2003 wi be used as a starting point for the <br />y') '\ furrher developmem of formal, legally binding redevelo em contracts, public infrastructure <br />t\ r improvements and development assistanCe between the edeveloper and the City of RosoviIle <br />(the "Ci ty") which are subject to City Council approvals. Wel h 1"'\ ~<< f. r, t + ...,. J Jve J hr.Jt <br />'IC ('" (.Q I)t~:tJ,J"I "tit e., If <br />Separate But Coordinated Site Plan and Improvements: Becau~e of dirrerenfland o'Cvnership/~e'Ai'~ <br />patterns, the .T<edevtloper$ must apply separately but in t\ ooord.inated m~mner for all upprovcdp <br />required in this projoc;t. <br />> <br />Minimum Impro"\'ements: The Redevc;:[opc~ shall construct or cause to be con5truct~d the <br />following minimum improvements to the:: Redevelopment Propeny: <br /> <br /> <br />~t... <br />o MEMQRAND~ANDING (MOD) <br />Draft 08-1S-03 <br /> <br /> <br />II) <br />(. )r T""rJ <br /> <br />Commercial: <br /> <br />The. commercial project will include the following: <br /> <br />)C.t(~f+ ltJ'. ~ <br />J fJ..lt I b r <br /> <br /> <br />~aximum of one big so-x large single use retail use for a "Super <br />Target" within the deveJopmem ar rnax:imum building squarr; feet <br />of 156,000, No other single occupant retail building will exceed <br />20,000 square feet. <br /> <br />5 multi tenant retail buildings to include ret<Jl, restaurant pads and I <br />orher service uses,) III O~ . ft.1 _ ~ 4~ J",:}..,- <br />J..l !~t$t-'" 4 ~J -. - '4 ~e ;'01: J..}. ~ 1 <br />Housmg: t..!... /1 J <br />VIR I ~ 1,)".... . <br />No housing is proposed as part of this redevelopmenr. <br /> <br />Building Designs~ <br /> <br />The entire redeveloped site area ShOllld include coordinated <br />building designs wiili architectural appeal. There will be a distinct <br />frontage type on each building, These fromages will contain <br />primary ~ntries for visitors. <br /> <br />Except for Meas that directly abm resldt:ntial areas. no buildings <br />will 'back up' or 'back onto' to any public space without a clearly <br />identifiablC3 fronrage or facade. Any building not able ro meet this <br /> <br />1 <br />