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KRASS MONROE, P.A. <br />ATTORNEYS AT LAW <br />James R Casserly <br />�mail: �casserl�lvassmonroe.com <br />5Hr'4�� �'iii�F�rh'�:+is �Vf} <br />�� r�l��'l�6 <br />To: <br />Greg D. Johnson <br />Finall:. Gano <br />�tr.cf�b,'f��' �i+� <br />MEMORANDUM <br />Cit�r of Roseville <br />Attn: Neal Beets, City Manager <br />From: James R. Casseriy, Esq. <br />Greg D. Johnson, CPA <br />Gay Greiter, Esq. <br />Date: September8,2004 <br />Re: Twin Lakes Renewal <br />Our File No. 9987-15 <br />■ � Gr�r <br />EmaJl: �rtr <br />WWw./aasS►nOnl►oe.can <br />�If Dial (952� 8854393 <br />Attached is a Sources and Uses for areas 1-5 and 8 of the Twin Lakes Renewal <br />redevelopment area. This memo briefly summarizes the financial information that has been <br />developed over the last year. <br />The Sources and Uses attached to this report utilize the following gap strategies as <br />authorized by the City Council at its August 9,2004 meeting: <br />. Revenue Bonds - taxable or tax-exempt supported only by project revenues <br />Revenue Notes <br />• Administrative fees at 5% <br />• Grants <br />� Some City contribution to transportation improvements to the extent area-wide <br />benefit is demonstrated <br />• Establish hazardous substance subdistrict <br />8000 NORMAN CENTER DRNE • SUITE 1000 • MINNEAPOLIS, MINNESOTA55437 <br />TELEPHONE952188r5999 • FACSIMILE952I885-5969 <br />