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G. List amount of any unpaid taxes or special assessments currently existing on the property: $254,791.29 H. Is City water available? YES City sewer? YES L Anticipatedconstructionperiodforthisproject: Start: Fa112005/Spring 2006 Tax Increment Repuest: Finish: Total build out 2010-2012 A. Provide a brief statement of the public purpose and need for tax increment financing for the project and benefits to the City ofRoseville citizens and community due to the proposed development. The redevelopment of Twin Lakes will remove an area of the City that is presently occupied by truck terminals and obsolete industrial land uses. Considerable areas of the site are contaminated as a result of past uses on the property. The redevelopment of the site wi�� bring about the realization of a goal of the City — to see the emergence of Twin Lakes as a vital new neighbourhoad within the City of Roseville. When development is completed Twin Lakes will provide an unrivaled mixed use community providing homes to hundreds of individuals and families, new j obs and new "lifestyle" opportunities. Tax increment requested: $31,682,588 (see sources and uses schedule attached) Cost Breakdown: (a completed cash flow analysis and proforma will be required to make the proper financial analysis on the need for tax increment financing for the proj ect. The proforma should identify the owner's equity in the project and how the project will be financed.) Land acquisition Demolition Site development Contamination Clean-up Construction contracts Equipment acquisition & installation Architectural and engineering fees Legal fees Interest during construction Initial bond reserve Contingencies Bond discount or underwriter City bond consultant see Twin Lakes Redeveloprnent Proform� (sources and uses — March 2,2005) —attached [�