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E 1_� Redevelopment will improve the environment by removing or encapsulating pollutants and contaminated soils and by removing asbestos within deteriorating buildings. The highest levels of cleanup (within proposed residential areas) will be nearest the Lake, further improving the lake. I k-� Traffic will continue to grow on the County Roads and local streets even if no new development occurs for the next 16 years (to 2020), but because of cleaner cars, the air quality will not deteriorate. Azi improved roadway system, including Twin Lakes Parl�vay, will help to direct development traffic away from residential streets. ! I.� Traffic demands for the Rottlund Master Developer proposal will be les� than the existing 2001 land use master plan because there will be a reduction of office space by more than 1,000,000 square feet. Also, parking needs are much less with 1,000,000 less square feet of office space (4,000 to 5,000 spaces less). ] I. L 0 Removing 72 acres of existing trucl�ing and terminal related activities will reduce trucl�ing traffic on County Roads and local streets, something the City Council had in mind even in the 1980's. � �. I L Housing (730 proposed units) will create a new neighborhood with new people that will contribute to the community, work force, retail market, and school district similar to the neighborhoods around this site. The residential areas to the north and east, as well as the James Addition to the south have a combined total of 836 units, of which 25% are rental. Of the 836 total existing households, approximately 22% have children, but it continues to decline. 1�. �'? New senior housing (240 units) added within Twin Lal{es will provide additional opportunities for Roseville seniors to remain in the community while also providing an opportunity for new families to move into existing housing. This is consistent with the Roseville HRA Housing Plan. 11, ]� New market rate housing (490 units) for young professionals and mid career empty nesters will provide new housing opportunities in Roseville. In turn, young professionals introduced to Roseville through this housing may, in the future, create a family household in Roseville. This is consistent with the Roseville HRA Housing Plan. l 1.1=� The 730 new households will add discretionary income to the Roseville market. With a median household income of $75,000 ($54,000,000 total) and disposable income of 5%, a portion of the $2.7 million annual disposable income will bolster Roseville merchants. ]], I S With approximately 339,000 s.f. of retail development and 221,000 s.f. of office, over 1,000 jobs will be created — estimating that existing400 jobs will be replaced plus 600 net new jobs within the 80 acres area. The 1,000 new jobs will conservatively add a total of $45,000,000 in new wages, and over $4.5 million in income taxes. ]],��a The number of acres draining into Langton Lal{e will remain substantially the same (42 acres PF3595_RCA_Twin_Lakes_General_Concept_O11W5 Page 26