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City of Mounds View <br />Page 2 <br />The light industrial portion of the P.U.D. includes 6 <br />buildings totalling 481,000 square feet of space, situated <br />generally on the interior of the site and along the County <br />Road H2 and Interstate 35W frontage. We anticipate the <br />users of these buildings will requiro a 10 to 20% office <br />finish, with the remainder manufacturing,00rthe otherilightedevoted o <br />warehousing, industrial uses. <br />The buildings and parking areas, however, are designed to <br />accommodata up to a 40% office finish within the light <br />industrial buildings. <br />A single free-standing restaurant site is situated along <br />Highway 10 near the Quincy Street entrance to the Bite to <br />serve the businesses locating within the project, as well as <br />the surrounding neighborhood. <br />The interior road system, including public roads, private <br />drives and truck service areas have been planned and <br />designed to focus ingress and egress along the Highway l0 <br />corridor and to maximize the screening of truck service <br />areas from public view. <br />The ronosed stent both <br />existing zoning eandithenCity's comprehensive plan, with <br />plan, which <br />calls for a commercial/light industrial Planned Unit <br />Development. <br />With <br />anticipatethe followinu <br />g scheduleoficonstructioon of the ject, <br />n° <br />1. <br />25% of the <br />project <br />completed <br />on or about <br />January 1, <br />1988. <br />2. <br />25% of the <br />project <br />completed <br />on or about <br />January 1, <br />1989. <br />3. <br />25% of the <br />project <br />completed <br />on or about <br />January 1, <br />1990. <br />4. <br />25% of the <br />project <br />completed <br />on or about <br />January 1, <br />1�d91. <br />We are not prasently in a position to list the phasing of <br />specific buildirgs within the P.U.D., because the timing of <br />specific buildings will be dictated by market demand. We <br />can commit, however, to keeping the City informed of our <br />marketing progress in general as it relates to the <br />construction timetable for specific buildings. <br />