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DEVELOPMENT OF NEW OFFICE PARK DISTRICT PAGE 2 Our mutual objective, now, should be to capitalize on these successes and do what has to be done to ensure our best shot of achieving the highest and best development potential to reach high land values for the owners and ultimate development of intense, efficient, and attractive uses on the sites that relate to and augment each others values. We discussed some examples of similar development in the Metropolitan Area, many of which were done by your consultants over the years. On such example is the office park development in Edina generally north of the Radisson South Hotel. Attached is a copy of the Office Park District that was established for that purpose, and a copy of the zoning map showing where the zone was applied. This information and verbal review of other examples was shared with the land owners. Attached is a draft of the proposed zoning district as prepared by the Roseville City attorney. We have modified it slightly as it relates to floor area ratio. The district remains similar to the B-4 District except as to permitted and special uses. The provision allowing for existing uses to expand should remain. Several of the land owners have minor additions in mind so as to make their existing operations more efficient. This is reasonable because the development of the Office Park will do done over a period of time. Therefore, it is essential that land owners be able to continue to profitably use the land during the interim period. The extent of the market for prime office space (normally referred to as Class A space) is a matter of concern. We emphasize the fact that in the northern St. Paul suburbs, the market will be significantly better for projects in the most advantageous location. We feel that highly visible and accessible locations in Roseville will compete very favorably with other northerly suburban locations further out. Roseville's unique strategic location with respect to both Minneapolis and St. Paul gives it a distinct advantage. Properly handled, we feel that this will result in a more successful penetration of the market than some may have thought in the past. The land owners and/or the representatives have been asked to attend the Planning Commission meeting, with the suggestion that they come after 9:00 p.m. due to the large agenda. The attitude of the owners hearing in our discussions (in most cases in their offices) has been one of genera► cooperation and a positive approach. The owners of Twin City Freight Lines are concerned and involved with a potential lawsuit relating to the loss of the sale to the developer of the proposed Price Savers store on their site. Price Savers have elected not to build in the Minneapolis/St. Paul Twin City market, thereby producing the controversy. We suggest the objective should be for the Planning Commission to recommend an Office Park Zone to be recommended to the Council, so that with the owners involvement, the District can be established. A subsequent action initiated by Council motion can occur with the appropriate hearings to apply the zone to specific properties.