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of Dahlgreu Shardlow and Uban The Stakeholder Panel procoss with ths undertaking of <br />thia two distinct step has been catnplet�d'Tfi� adviae of the $�Id�r Pa�e1 has been <br />taken under consicteration by Rattlund in the formulation of a s�tch and co�cept plan for <br />the redevalop�nent of'Itnrin Lakes. <br />. in concert �h the C�ty and its consultant we l�ave identified all property t3�at will be <br />included in the ffit pl�ase of the redovelapment. This information forms part of the <br />Financial Plan that has been previously suhnitted to and discussed with ttae C�f�r by Krass <br />Monroe . As has been shared, a number of these parcel� of land ar� timdx aontract or <br />under control of the develo�nncnt team. It is anticipated t�t as the redevelopment �xr� <br />�tinu�s discussions will take place with other land owners with respect to the <br />acquisition of these properties. � order to better unckr the poternial acquisition <br />environment, we have az concert wit% the Shtnekon Company and Eriksaon ��**►�*ri�+� <br />Real Estate Tnc, undertake prepared praliminary appraisals and � costs for <br />r�prese�ntative parcels in the initial pl�ases of the redevelopment. This iaformation has <br />been disGUSSCd with �1� Monroe and has ��ap�cato� within the Financial Plan <br />tt►at has been jointly prepared. A copy of a lattcr to Rottlund &opn Sbenohon Garnpany is <br />attached. This IGf�r details tY� "notable reaponsibilities" that have be�n diecharged by <br />Shenehon Company. <br />in partnership v�ati� and with the coordination of the City of Rosevilla and its financial <br />consultant, Kraas Momoe, a�e7.�rr�ay Financial Plan has bcen p�arcd, This plan <br />identifiedpreliminary sources and uses associatedwith the �irst phase of the'linan �� <br />redevelopmen� It incorporates considerable inforrnataoa pe�aiar�g the plan to be <br />advanced and specifically permits t'h� formulation of a fiaaanieial stYa#egy to �r`� about <br />ti�e reemergence of'I�nrin Lalaas,We w�hoEa�eeated�r er�d.oz�se and support the provisions <br />of the Financial Plan — its preliminary foreeests, recommendations and t�ategi�s. <br />In canctusion, wc have fialfilled the terms of Article 7 of the "Cantract far E�vl� <br />Negotiation". W� look fon�l t� continuing to lead a redevelopment prcxxss supported by <br />�rs of the Development Tea�n and m ful] consultation with the City of Roseville. We aze <br />excited about � very �1 prospect of bring about the redevelopmcnt of'I�nan Lakas a�d leading <br />it back into being a vital part of the urban fabria of the C�ii,y of R.�cvi�Io, <br />� �+�3+� <br />�t, ��� <br />� �� <br />� P`Cda�r'il� <br />ta Division <br />Ji4�11+Flj�l <br />�cls. <br />