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Regular City Council Meeting Monday, January 14, ZOOS Page 11 John Paul Martin, Martin Squires Attorneys At Law, 444 Cedar Street, Suite 2050, St. Paul, MN, representing Dorso Building Company, LLP/®PUS, 2814 Cleveland Avenue, Roseville, Ml0' Mr. Martin provided comment on the written request of December 12, 2007, in- cluded as part of the Council packet, for their client Dorso Building Company, LLP, owner often-plus acres of land in the northwest quadrant of the Twin Lakes development area. Mr. Martin requested Council consideration and adoption of a proposed ordinance restating the past position of the City. As part of the Council packet, Councimember lhlan had resubmitted her original written comments and position, dated November 22, 2005, regarding proposed policies on use of eminent domain. Discussion included noting that the property had been, at the consent of Dorso, included in a larger condemnation proceeding during the anticipated Rottlund De- velopment proposal; environmental status of the property, following four (4) stud- ies, showing that this parcel doesn't require any remediation; and the property owner's request for condemnation to achieve more favorable tax unplications. Councilmember Pust expressed appreciation to Mr. Martin for his honesty; opin- ing that what was being requested made perfect sense from a business point of view; however, further opined that as an elected official she was being asked not to comply with federal tax law. Councilmember Pust questioned the public pur- pose and benefit to the citizens of Roseville; and spoke in opposition to the re- quest as currently presented. Mr. Martin reviewed several sections of the IRS Tax Code regarding timing for reinvestment of proceeds; and implications to his client given the numerous un- knowns of the actual development and sale of the property. Mr. Martin opined that, given the history of the redevelopment area and impacts to small business owners, the client's request was not unusual or excessive. Mayor Klausing shared Councilmember Pust's concerns; however, expressed the practical consequences that this parcel may not get redeveloped; and overall, it was in the best interest of the community for office use on this property. John Jossart, development legal counsel for the City of Roseville, Krass Monroe Mr. Jossart addressed legalities of the request, noting that it was a routine request, and that the Purchase Agreement for the property stipulated tax deferments for the current owner, as his single largest asset, creating significant impact to him. Mr. Jossart advised that, without Council adoption of the requested action, the Pur- chase Agreement would most likely not come to fruition, and would further im- pact advancing redevelopment of the area.