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July 19,2004 DEUELOPMENT NARRATIVE FOR T-1 ROSEUIL,LE, MN The existing Roseville location is the first Target store and was opened for business in 1962. Since that time the store has been expanded and remodeledto the point that it is no longer an adequafie vehicle for sales nor is it now representative of the Target business brand. Witll an eye toward the future, Target purchased the adjacent State �arm building and property several years ago with the intention of physically combining the properties, rezoning to a B-3 classificationand rebuilding. The current proposal before the City of Roseville calls for tlle complete demolition of the existing Target building and construction of a 174,000 SF general merchandise and grocery Supei'I'arget. The Target building will be reoriented to face County Road B while the existing outbuildings along Snelling Avenue will remain in their current ownership and use. Primary access to the site will remain at the existing signalized intersection of what is now State �anm Road and the HarMar Mall. The road access easement will be abandonedto Target, the original grantor altllough the existing utilities currently in place will remain. The existing access point to the outbuildings from County Road B will be shifted to the east and become a right in/right out in keeping witll the proposed improvements to County Road B. All outlots will continue to be served by the easemen� The westerly frontage road access point to County Road B will be closed An existing waterline extending nortll of the outbuildings will be relocated to avoid the proposed SuperTarget building. Target anticipates creating a small outlot in the soutlleast comer of the site just east of the signalized access. The user is not yet determined but it will most likely be a bank or a food outlet. Replacement of the oldest store in the Target inventory is now a high corporate priority and the timing is criticaL The schedule is to close the store after the Holiday season in early January of 2005, temporarily relocate the employees, demolish and rebuild with a grand opening in October of 2005.