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redevelopment in 2004. However, completion of the redevelopment may take 10-15 <br />years as some parcels are more environmentally and economically challenging. <br />In order to provide a competitive environmentfor urban renewal the special legislation is <br />necessaryto finance typical brownfield redevelopmentcosts such as those associated <br />with the Twin Lakes project. <br />Whatare otherAlternatives? Many legislators tend to oppose special legislation as it <br />favors special law changes for only one community. Roseville would support the <br />proposed Statewide Urban Renewal Legislation being proposed by Senator <br />Pogemiller. The purpose of this tool is to allow communities with significant <br />redevelopment challenges such as Roseville's Twin Lakes to finance area-wide <br />infrastructure improvements and to allow increased flexibility in dealing with the <br />unpredictable nature of redevelopment. The proposal acknowledgesthat difficult, large <br />scale redevelopment projects are often a combination of traditional barriers to <br />redevelopment: (1) contamination, (2) blight, (3) soils problems, and (4) obsolete or <br />abandoned buildings -- not just one condition. Current law is only helpful in dealing with <br />small sites that are blighted and provide no useful tools to aid in the provision of the <br />area-wide infrastructure that might be required in order to nurture sensible development. <br />In addition, the City can request State bonding in the amount of $10 million to help <br />cover the costs of regional infrastructure needed for the project such as construction of <br />Twin Lakes Parkway, reconfiguration of the Interstate ramp and traffic lights. <br />The Benefits oflnvesting in Twin Lakes: The returns to the City for its use of TI F in <br />the redevelopment of Twin Lakes are immense. Once redeveloped, the Twin Lakes <br />Mixed Use Business Park projectwill enhance livabilityfor area residents, create new <br />jobs and businesses, improve access to Langton Lake, and improve water quality as <br />well as public park and open spaces. Other benefits include integration of transit, <br />pedestrian/biking trails, and access to regional transit. Diverse employment <br />opportunities in the park will be complimented by new housing development <br />opportunities adjacentto or nearthe business park and will provide a seamless <br />transition to existing neighborhoods. <br />0 <br />