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I are aware of roadblocks to we in Lakes Area of Roseville. It's a fairly traditional combination of obsolete buildings and contaminated lands. Soaring land acquisition costs have made redevelopment of the area even more of a challenge. Our biggest impediment to financing the redevelopment of this area is the public infrastructure needs estimated to add over $10 million to the already costly acquisition, demolition and Brownfield cleanup estimated at $160 million. We know you are not an advocate of tax increment financing. However, there are other options on which we need your support. The following options would help reduce the financial gaps within Twin Lakes which is the single largest redevelopment project in the City of Roseville. 1. The Twin Lakes Project is gaining market exposure and a more accepted, viable redevelopment is likely within the next year if there is a public/private partnership. This development of over 170 acres at Cleveland and County Road C - the first entry point by the public to Roseville - has the support of the City Council. Rottlund Companies, a Roseville company and well respected developer, has been named a preliminary master developer. Their development proposal meets and exceeds the adopted master plan and includes a mix of offices, retail and over 1,000 new units of housing. This plan creates a new neighborhood in Roseville that adds over $400 million in new value, preserves natural resources such as Langton Lake and provides new access and transportation flow to a regional corridor. The City Council recently appointed 24 community members to review the issues and plans proposed for this area. The Problem: There are substantial infrastructure costs (roads, traffic lights, sidewalks) beyond the typical redevelopment costs (demolition, environmental cleanup, high land acquisition, soil corrections) associated with the project. These costs increase the financial gap to a level that can not be absorbed even by the most dense and high valued new development. The infrastructure includes 1.) the reconfiguration of the County Road C exit ramp off 35W at Cleveland. Currently, that ramp configuration lacks capacity and is a safety hazard as it requires the driver to make a last minute decision depending upon the direction they need to go. 2.) a new main thoroughfare road that will open up the development area to the public and bring traffic from 35W to Fairview. This also relieves pressure on the heavily traveled County Road C. 3.) Interior public roads off Cleveland Avenue and County Road C that require traffic lights. The completion of this needed infrastructure within Twin Lakes, estimated at $10 million, has regional and state significance. How Can You Help: We would like your support in introducing a bill requesting a $10 million special bonding proposal for the Twin Lakes Project in Roseville to help finance the public infrastructure outlined above We know that it is late in the session but we hope that this will begin making the strong case for additional state assistance for the Twin Lakes project. 2. The Governor recommended $25 million in state bonding for the Redevelopment Account, administered by DEED, and extending the jurisdiction of this program to the entire state. This program currently is not funded and is available only in