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LARKIN, HoxrFmAN, DAI.Y & LINDoREN, LTD. Mr. Craig Waldron November 26, 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 PROPOSED LAND USES IN THE VICINITY OF THE PROPERTY As described throughout this letter -memorandum, the Property is the gateway to the City from the north. Attractive redevelopment of the Property therefore has the potential 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 industrial 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 including Roberts, Dorso American, Midwest Motor Express, Greutch, Indianhead 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 Comprehensive Plan) designates the Property a mixture of industrial, medium density residential (up to 10 dwelling units per net acre), and low density residential (up to four dwelling units per net acre) uses. The applicant 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 within a redevelopment area generally bounded by tha City limits on the west and north, Snelling Avenue on the east, and Trunk Highway 36 and Highway 280 on the south and southwest. The entire redevelopment area has been established as a Development District under the authority of the Municipal Development Districts Act, Minn. Stat. S 472A(01). Consistent with the purposes )of 1982 Roseville Redevelopment and Tax Increment Financing Plan (the Redevelopment Plan), the Property is proposed to be included in a separate tax increment district pursuant to the Minnesota Tax Increment Financing Act. The City Council, at its December 16, 1985, meeting, will consider the applicant's companion tax increment financing request together with its pending application for amendment of the Comprehensive Plan, B-4 rezoning, and approval of a PUD special use permit.