Laserfiche WebLink
�'bir�be Development �or��aoration <br />October 30, 1986 <br />Mr. Howard Dahlgren <br />300 lst Ave. North <br />Su i te 201 <br />Minneapolis, MN 55401 <br />RE: RosePointe First Addition <br />Oear MY-. Dahlgren: <br />This ��etter will set aut the need and purpose for the l�t configu- <br />ration in RosePointe First Addi�ion. The entire pl�t is owned by <br />RosePointe Housing Limited Partner�hip and �s being subdivided ta <br />allow far taio conditians necessary as a part of the develapmen� of <br />RosePointe Independent Living Center: <br />a) 1'he transfer of the pond (�ot 3) ta the �ity of Roseville <br />persuant to the ter�ns of the Qevelopment Rgreement fQr <br />RosePointe. <br />b) Th� impositinn of a pern�anent mortgage aver Lot 2, ���hich <br />is the 150-unit Phase I of RosePo��te tnd�pendent Living <br />Ceni�r, and th� inipas i tion af an i nt�rim n�or�gage over° <br />LaC 1, wh�ch w�ll c.on�ta�n �he 58-unit �hase II af the <br />R4sePointe Project. �lh@n n�ti� cons�,ruction and renovation <br />caf it�e ol d Forwn Ap�rtment con��enc�s on thi s phase, th� <br />interiire m�rtg�ge ���i � 1 b� r�anov�d and a permanent mortgage <br />to the san� P��rtgag�e �s Phase I i�ill b� placed on ii. <br />Ti�e Sur�,�ary o� th� Rlat ar-ea�: <br />LeC <br />1 <br />2 <br />3 <br />Use <br />Ph�s� iI (58-Unit) <br />Phas� I (160-U�it) <br />Pond-to b� d��d�d Co <br />City <br />rotal <br />Ar@a <br />2 . G�i a�r�s <br />5.Q2 acr�s <br />2.Q9 ac���s <br />9.79 ac��s <br />Wi �h r�spe�t �o timi ng , Ph�se Y o��i 11 con�n�nc� �vi th i n the next fe►v <br />w��k3 �i�d �yiil be campleted in late �98�. We expect the wdrk on <br />�has� II ta beyin in t�e f�ll o� 1��7 or �arly 1988 and be com�le�� <br />by lat� 1�&8. <br />�011 F-iy�l� tvl�r�i�ix�is� N�yrt/1�UU Nit.wl�t M�II/Mmnq���c�lis, MN 55�1()�/�ft�lept��na G1�/37�•1f318 <br />Ir+��ti�:�y�v r,r��,�.r��� ��,;'t{ <br />