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Date: October 28,2005; added notes from November 1,2004 Kent Carlson, Ryan Companies, asked for clarification on the Secure Computing proposal. Was the City still interested? How should he proceed? What pro-fonna should be used? Is there time to meet the Ryan\Secure time frame of construction in the spring of 2005? After a meeting with the Roseville staff the following direction was provided: 1. This project can work and will require additional work by Ryan, Rottlund and Staff. Ryan must have a purchase agreement for the Secure site; that will take time and a project commitment from the City and the Master Developer, Rottlund. 2. Ryan must build a minimum of 190,000 s.f. Class B (or better) office building in order to make this project work. MORE BUILDING SPACE WILL MAKE THIS BREAK EVEN, I.E. EXPAND THE V ALUE ON THE SITE. 3. Ryan must do a new sources and uses sheet (comparable in format to the Casserly October 14 sheet) with Ryan's most current numbers, and explain WHO WILL UPFRONT THE FUNDS TO START THIS PROCESS? 4. Ryan must be able to assume an appropriate share of the Twin Lakes regional redevelopment costs through an assessment or other agreement. WHAT WILL RYAN SHARE? THEY MUST WORK WITH ROTTU.JND. 5. The City must be able to do a blight analysis and financial feasibility very quickly. 6. Ryan has assumed a new TIF district and sub-district. This is a possibility; however, it must be expandable the of Twin Lakes order to share costs and benefits. Has this concept been agreed to by Rottlund and others? By starting the district with Ryan, the district will get a fast start but may bump against the 5 year knockdown proVISIons. 7. The City must resolve whether an EA W or amendment to the AUAR is necessary. The City must detern1ine how this project could proceed while there still is a moratorium in effect. 8. The City must know more detail about transportation and soil contamination grant request before a grant application could be prepared - there are no guarantees. The next due dates for such DEED and MCTRG applications are in the late spring.