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<br />FILE No.780 09/22 '03 10:49 ID:WELLINGTON FAX:651 292 0072 <br />~~~ IS 2003 08:05 FR FABYANSKE LAW FIRM 612 338 3857 TO 96512920072 <br /> <br />\)Jet h",~~ 'FAY (0 5' ~ .. 2.. C1 z. - 60'1 '2. <br /> <br />PAGE 3/ 11 <br /> <br />?82 <br /> <br />~o fl.b <br /> <br />f the MOD is to set fonh understant.g of f\.l~\.m: .sponSl ilities and <br />obligations to be more lly described in a redevelopment agreement for located <br />generally at 1515 County oad B, 1500 Highway 36 West, and 2194 State P~nn ad (the <br />rllDe.velopment Propertlts") currently owned or under contract by Target Corporatio and ~ Vh e. <br />y.,.e.( affiliate Wellington Man~gcm(:r'\t, Inc. (t" .)"). The MOD, based on the <br />IP . B.....1i"~]9F~S site plan proposal dated Augu:-:;t 4, 2003 wi be used as a starting point for the <br />Y>'" further development of fonnal, legally binding redevelo em contracts, public infrastructure <br />... r improvements and development Qssimmce between the edeveloper and the City of RoseviIle <br />(the "CityP) which are subject to City Council approvals. lvel \ l "\ ~<< 7.. r, e- + "tJ.1 Jt;e J n"Jt <br />.,( i't. ~lIt~1tJ,J~ -t;.t:- . <br />Separate But Coordinated Site Plan and Improvements: Becau~e of dirrerenfland Lrwnership/~ellv'~ <br />patterns, (he .'f(edeveJoper$ musr apply separace1y but in " ooordinated marmer for all approva\p <br />rcq uired in this project. <br />> <br />Minimum Improvements: The Redeyc;lope~ shall construct or cause to be constructed the <br />following minimum improvements to the Redevelopment Propeny; <br /> <br /> <br />r'l.- <br />o MEMQRAND~ANDING (MOD) <br />Draft 08-15-03 <br /> <br />II) <br />( JFTo"rJ <br /> <br /> <br />Commercial: <br /> <br />The commercial project will include the following: <br /> <br />lGt (~, + ..,;.. ~ <br />J ,,~t I b r <br /> <br /> <br />~aximum of one big 6o.x large single use retail use for a "Super <br />Target" within the development aX rnax:imum building squarr; feet <br />of 156,000. No other single occUp~nt retail building will exceed <br />20,000 square feet. <br /> <br />5 multi tenant retail buildings to include retail, restaurant pads and 1 L <br />orher service llSBS) 1I16e . ft.1 . 1> 4~ J6I: T <br />~, l-iSt-1- f:4 ~J.. - '* ~e ;\1: J~ ~ 1 <br />Housm$!;: f,t..lr //1 ~ ~,)..... . <br /> <br />No housing is proposed as part of this redevelopment_ <br /> <br />BuUding Designs: <br /> <br />The entire redeveloped site area should include coordinated <br />building designs with architectural appeal. There will be a distinct <br />frontage type on each building. These frontages will conrain <br />primary r;ntries for visitors. <br /> <br />Except for areas that directly abut residential areas. no buildings <br />will 'back up' or 'b~ok onto' to any public spac~ without a clearly <br />identifiable frontage or facade. Any building not able to meet this <br /> <br />1 <br />