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�� <br />KRASS MONROE, P.A. <br />ATTORNEYS AT LAW <br />■ James RCasserly <br />h a i 1: jcasserly�vassmonroe.com <br />4xv�w. kraaarnvrrr�+e. �or�v <br />DirectDial (952)88�1296 <br />To: <br />■ Greg D. Johnson <br />h a i 1: onrOe.com <br />w�►w. �e�r}hCalxC�e. rbrr� <br />DirectDial (952) 885-5994 <br />MEMORANDUM <br />City of Roseville <br />Attn: Neal Beets, City Manager <br />From: James R. Casserly, Esq. <br />Greg D. Johnson, CPA <br />Gay Greiter, Esq. <br />Date: September 8, 2004 <br />Re: Twin Lakes Renewal <br />Our File No. 9987-15 <br />■ Gay Greiter <br />h a i l: p�ef��va smon►De.COm <br />WWw.�O"'dSSI►10►)IO@.00I11 <br />DirectDial (952) 885-4393 <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 overthe lastyear. <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 />* Administrativefees 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 DRIVE• SUITE 1000 + MINNEAPOLIS, MINNESOTA55437 <br />TELEPHONE952/88r5999 + FACSIMILE952/885-5969 <br />