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� <br />� <br />� <br />� <br />r 1' <br />( I <br />, �. �. � 1, � � �, � I � � � � � l % �� �� � I � � � � � 1 � 1 <br />� <br />March 2, lggp <br />Mr. Craig Waldron <br />,. � CITY OF ROSEVILLE <br />�' 2660 Civic Center Drive <br />Roseville, Minnesata 55113 <br />RE: Twin Lakes Redevelopment Proje�ct <br />Dear Craig: <br />Trammell Crow Company <br />Carlson Center <br />601 Lakeshore Parkway <br />Suite 200 <br />Minnetonka, Minnesota 55343 <br />612/449-4000 <br />As a tollow up to our most recen�t convers�tions, I am writing this <br />l�tt�r to make you aware of our present e��orts to move forward. <br />At the present time we are involved in the �olicitation of several <br />likely joint venture partners for this project. We expect to h�ve <br />�these lenders in Minneapolis sc�m�time over the next two to thxee <br />w�eks. <br />Additionally, T�ammell Crow Company is asking that the city move <br />farward with the creation of a Tax In�rement Financing Distric� ta <br />provide the capital necessary far redevelopn�ent. <br />, <br />Wl�ile our joint venture partner pursuit continues, we aare <br />the transactions tY�at we have talked about in the past. It�isuour <br />groal to be in a posi�ion to fully update you on our pxogress within <br />the manth. I will, look forward to talking with you shor�tly, <br />Please feel free to �a11 me if you have any questions. <br />Very Truly <br />TRAMME�L �ROT�T/�OMPANY <br />� 1 � <br />� ���� <br />John D, rif <br />Partne � <br />