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<br />60 <br /> <br />KRASS MONROE, P.A. <br /> <br />ATTORNEYS AT LAW <br /> <br />. James R. Casserly <br />Email: jcasserly@krassmonroe.com <br />www.krassmonroe.com <br />Direct Dial (952) 885-1296 <br /> <br />. Greg D. Johnson <br />Email: aiohnson@.krassmonroe.com <br />www.krassmonroe.com <br />Direct Dial (952) 885-5994 <br /> <br />. Gay Greiter <br />Email: ggreiter@krassmonroe.com <br />www.krassmonroe.com <br />Direct Dial (952) 885-4393 <br /> <br />MEMORANDUM <br /> <br />To: City of Roseville <br />Attn: Neal Beets, City Manager <br /> <br />From: James R. Casserly, Esq. <br />Greg D. Johnson, CPA <br />Gay Greiter, Esq. <br /> <br />Date: September 8, 2004 <br /> <br />Re: Twin Lakes Renewal <br />Our File No. 9987-15 <br /> <br />Attached is a Sources and Uses for areas 1-5 and 8 of the Twin Lakes Renewal <br />redevelopment area. This memo briefly summarizes the financial information that has been <br />developed over the last year. <br /> <br />The Sources and Uses attached to this report utilize the following gap strategies as <br />authorized by the City Council at its August 9, 2004 meeting: <br /> <br />. Revenue Bonds - taxable or tax-exempt supported only by project revenues <br /> <br />. Revenue Notes <br /> <br />. Administrative fees at 5% <br /> <br />. Grants <br /> <br />. Some City contribution to transportation improvements to the extent area-wide <br />benefit is demonstrated <br /> <br />. Establish hazardous substance subdistrict <br /> <br />8000 NORMAN CENTER DRIVE. SUITE 1000. MINNEAPOLIS, MINNESOTA 55437 <br />TELEPHONE 952/885-5999. FACSIMILE 952/885-5969 <br />