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— K R A S S M O N R O E. P. A A T T 0 R N E Y S A T L A W Phillip R, �rass NATIONALLYCERTIFIEDCIY,iG 7'.1�IA.0 S'PEC�4LIST .ElulJii ��roc�c�rraynnnnrnc.rov 3VW1V. ILl'RSSftlOflYOf. CPII � December 14,2005 Mayor City Council City of Roseville 2660 Civic Center Drive Roseville, MN 55113-1899 Re: Twin Lakes Condemnation Our File No. 9987-20 Dear Mayor and Council Members: Date: 12/19/OS ,�l .—��i n I .;� k�5 You may recall that at the November 21, 2005 meeting we recommended that Roseville Twin Lakes, LLC (the "Redeveloper") and its real estate representatives make additional efforts to acquire each of the four parcels that are not actually or effectively under contract by giving a market value offer contingent upon no significant environmental issues. Until that was done, we were not prepared to give you our assurance that reasonable efforts to acquire these properties had been made. Since that time, the Redeveloper and its real estate consultants have made additional offers for these four parcels. While it would be imprudent to give dollar amounts in this correspondence, we will tell you that in the aggregate the most recent offers made by the Redeveloper are 97% of the aggregate values determined by the City's own appraisers. Despite these very significant advances in the offers made, the Redeveloper has been unable to acquire these four parcels. Your legal staff is now in a position to give you our assurances that the Redeveloper has made reasonable efforts, as defined in the Contract for Private Redevelopment between the City and the Redeveloper (the "Contract"), to acquire these four parcels; and, it is now time for the City Council to consider a resolution authorizing the acquisition of those four parcels by use of eminent domain.' We have accumulated records with regards to all efforts made by the Redeveloper to acquire the parcels in question since the execution of the Contract. We do not wish to make those records nor the actual offers public because it is our experience that once a resolution � You may also recall that we r�+ill be adduig two addirional parcels, one at the request of a properry owner who wishes to be assured he will receive favorable treatment under the Internal Revenue Code Regularions regarding reinvestment of properry acquired "under threat of eminent domain" and a second properry owner who has come to terms with the Redeveloper hut whose tenant does not wish to move. 8000 Norman Center I?rive. Suite i0b0 Minneapoiis. MN 55437-9978 Telephone 852.885.59$9 Facsimile 852.885.6�fi9 �le6site www.krassmonroe.com