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. . l..\.HHI:-', lIOFI"t.\X. DALY & LI~D(JRltX, l:rn. Mr. Craig Waldton November 20, 1985 Page 4 Garrett Trucking Company currently occupies the southern one-quarter of the Property. The balance of the Property consists of existing residential uses or vacant land. EXISTING AND PROPOSFD LAND USES IN THE VICINITY OP THE PROPERTY As desctibed throughout this letter-memorandum, the Property is the gateway to the City from the north. Attractive redevelopment of the Property therefore has the potencial to set the tone for economic development throughout the entire northwest quadrant of the City. As described throughout thiS letter-memorandum, Interstate 35W forms the western border of the Property. Business and indu~trlal uses are located across Interstate 35W to the west. BUSiness uses are also located to the extreme north of the Property. Low and medium denSity residential uses are located across Cleveland Avenue to the east. Further to the south and east of Cleveland Avenue are a number of existing Industrial uses Includlnq Roberts, Dorsa American, Midwest Motor Express, Greutch, Indlanhead Trucking, Inc., and Mueller Transportation. An eXisting pond on land owned by the Minnesota Department of Transportation borders the Property on the extreme south. A second ponding area is located east of the Property across Cleveland Avenue. RELATIONSHIP TO 1980 ROSEVILLE COMPREHENSIVE PLAN AND 1982 ROSEVILLE REDEVELOPMENT AND TAX INCREMENT FINANCING PLAN The 1980 Roseville ComprehenSive Plan (the Comptehensive Plan) designates the Property a mixture of industrial, medium density residential (up to 10 dwelling units per net aC1e), and low denslty tesidential (up to four dwelllng units per net acre) uses. The appllcant has requested an amendment of the ComprehenSive Plan to provide for bUSiness deSignation On the entire Property to allow for construction of the Centre Pointe Development. The Property IS also located wlthin a redevelopment area generally bounded by the Clty llmlts on the west and nOlth, Snelling Avenue on the east, and Trunk Highway 36 and Hlghway 28U on the south and southwest. The entire redevelopment area has been establlshed as a Development Dlstt_ct under the authority of the MunIcipal Development Districts Act, Mlnn. Stat. S 472A(01). Consistent WIth the purposes o( 1982 Rosev:lle Redevelopment and Tax InCLement FInanCIng Plan (the Redevelopment Plan), the Propetty IS proposed to be Included 1n a separate tax increment district pULsuant to the Minnesota Tax Increment finanCIng Act. The City Councll, at ItS December 16, 1985, meeting, will conSider the applicant's companlon tax increment fInancing request together With Its pendIng applIcation fOL amendment , _._.___,.J