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PAVILION PLACE <br />Roseville, Minnesota <br />IREQUEST FOR TAX INCREMENT FINANCING <br />IN RUCTION <br />anies, Inc. are Proposing the acquisition of 8.2 <br />The Welsh Coir� p <br />acres <br />immediately adjacent to the existing Pavilion Place to <br />provide fo <br />r the expansion of the retail center. The existing <br />assing approximately HMO square feet, will be <br />center, encom P <br />substa <br />ntia'l.y expanded to include an additional 220000 square <br />feet of <br />retail space with two major tenants, a theatre and over <br />60 000 square feet of additional smaller retail shops. <br />, <br />The prO jcct proposes the acquisition of 22 existing homeR in an <br />isolated residential neighborhood. The negotiation of the hNne <br />site acquisitions have been completed and the 'doveloper is <br />City Tip` assistance to facilitate they financial <br />rcquestin g <br />feasibility Of the ProJoct. <br />NEFU F0� T INC���I�"NT FINANCING ,�r. <br />t�Kl aci ' ncc�nfi Shcai� i ng C.. <br />nte► <br />to the Ronsl. lc <br />The project is Inca jgrit . <br />As such* <br />t�hc Rite is ideally <br />s,uitnd for the propnes+�d c�i.voloprra_.; <br />x r�nsic�rt of floc g�oscdalc �otai1 ,x1rr*:a will rr}quire ttar� <br />T hey e,d� <br />s�tican of the ael���ce�nt hc�m;�s in �.haar._ ar'��,�. The property <br />acqui their <br />own(f r <br />s reasonably do-iorve c010pe"ns?%t ti on for the v4luc of <br />home s i t <br />+n . Thc ucqu i s i t i on co -I t" s however, n r 0 far in cXcOOR of <br />typical square font cos" for rt-ta i 1 �i,k�tnit��a�a��na:. <br />n <br />