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KRAUS-ANDERSON ® REALTY COMPANY <br />Development • Leasing • Management <br /> <br /> <br />11/1/05 <br /> <br /> <br /> <br />Dear Mr. Ericson: <br /> <br />As we have discussed, Kraus-Anderson Realty Company, on behalf of M&E Realty Co., is seeking the re-zoning of <br />Silver View Plaza located at 2544-2574 County Road 10 in Mounds View, MN. The property is currently zoned B- <br />2, Limited Business District and we are requesting the zoning to be changed to B-3, Highway Business District. <br />The new zoning will allow for greater leasing opportunities and increased traffic for the exciting tenants. <br /> <br />Kraus-Anderson Leasing has had great difficultly leasing Silver View Plaza with the current zoning restrictions. <br />Several parties have shown interest, but because of one reason or another, their businesses did not comply with the <br />B-2, limited business District. All of the following uses are allowed under the B-3, Highway Business District, but <br />have been turned away due to the current zoning restrictions: <br /> <br />Hardware Store – Repairs of lawnmowers is not allowed <br />Motorcycle Sales and Repair – Repairs not allowed <br />Auto Parts Store – Brake Drum repairs not allowed <br />Small Asian Restaurant – Restaurants not allowed <br />Auto Repair – Repairs not allowed <br />Amusement Arcade – Not allowed <br />Small Church – Religious Institutions not allowed <br />American Legion/Veterans Club – Private Clubs not allowed <br /> <br />Having had several tenants leave to newer more accessible properties and not being able to get the current <br />vacancies leased has caused the building to become 45% vacant in the last year and a half. This has caused <br />difficulties for the current tenants; sales are down and tenants are complaining that the center is not generating <br />enough traffic for their business. <br /> <br />The re-zoning of Silver View Plaza to the B-3, Highway Business District will give us more opportunities to fully <br />lease the property, producing greater traffic for the existing/surrounding tenants and making it a destination <br />shopping center benefiting the entire neighborhood. Please assist us with the re-zoning of this property. <br /> <br />Let me know if you need additional information or have any question. I can be reached at 952-948-9432. <br /> <br />Sincerely, <br /> <br />Kraus-Anderson Realty Company <br /> <br /> <br /> <br />Michael M. Gross <br />Property Manager <br /> <br /> <br /> <br />4210 West Old Shakopee Road • Bloomington, MN 55437-2995 <br />952-881-8166 • Fax: 952-881-8114 • Watts: 1-800-399-4220 <br />e-mail: karealty@usinternet.com • www.krausanderson.com <br />