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�� "�r�� ` `�. ���,�+� ���t �'. <br />������ 11 � ���� � V <br />n ❑rns�o�r � �rxa xor�n.tnv� ca�srnrrY �Nc. <br />April 8,2005 <br />Mayor Craig�a�as�ng ��r� Meznh�rs of City Council, <br />City of Roseville, <br />2660 Civic Center Drive, <br />Roseville, MN <br />55113-1899 <br />Dear Mr. Mayor and Members of Council, <br />RE: Twin Lakes <br />It is our understandingthat Councilor I�zlarz has requested Council's consideration of the <br />following motion at its meeting on Apri1 11th. <br />"The staff is directed to request Master Developer Rottlund Homes to assemble <br />and provide for Council review a11 supporting documentation for its financial pro <br />fom7.as, term sheets, and application for tax increment financing and other public <br />subsidies, including a11 supporting documentation submitted to the City's <br />financial consultant, Krass Monroe. <br />Staff is directed to make this supporting c�ocuzxz��tation available to the Council <br />as soon as possible, to a11ow adequate time for review :��� any further Council <br />discussion of financial pro f�rmas, term sheets, and subsidy applications for the <br />Twin Lakes development." <br />We are taken aback by this motion and are concerned about its import. We do not believe <br />that the motion is appropriate or necessary for the reasons to be expressed. We are of the <br />opinion that this motion is nothing more than a thinly veiled attempt to derail an <br />emerging process that wii� eventually lead to the redevelopment of'Twin Lakes — a <br />process that, notwithstanding the objection of a minority, has been consistently supported <br />by a majority of Council. <br />Rottlund in advancing various considerations associated with Twin Lakes has submitted <br />applications in fu11 compliance with t��e requirements of the City. To support our <br />applications and considerationsby the City we have provide the requisite supporting <br />info�znatio�. This information has either been provided directly to the City or has been <br />provided Krass Monroe on a proprietary basis. Both City staff and Krass Monz-oe have <br />been satisfied with the completeness of the information and have not requested anything <br />over and above what has previously been provided. <br />� <br />�oriC�i�it �1FL� `"�:��rAr= <br />![Gi CF7a1�E PL�I �! E 1'PJ�.R fC�Sa'�4111� i�i!� jj_l� i�i:l f,�l7�AF 1�7i 1�7 Ij �� �{�� <br />