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EHLERS <br /> & ASSOCIATES INC <br /> OTo: Mike Mornson, City Manager/Sue Henry,Assistant City Manager <br /> 2 From: Jim Prosser, Ehlers & Associates <br /> W. Date: May 8, 2002 <br /> Subject: Project Update <br /> Project Planning <br /> The Project Team continues to meet every other week to review project status and maintain <br /> communications. The current top initiatives are refining the project budget, developing a <br /> phasing schedule and developing land acquisition strategies. Pratt-Ordway is seeking to <br /> include many of the current businesses in the development project in order to reduce <br /> relocation expense. The businesses would be designed into to the new development with new <br /> better- located buildings replacing current structures. The phasing analysis will explore the <br /> potential for initiating development on parcel that may be less expensive and easier to <br /> acquire. Later phases of the project would include other parcels. <br /> Preliminary Development Agreement <br /> The draft preliminary development agreement has been executed by the developer and is <br /> being returned to the Village for signatures. Pratt-Ordway has previously paid the $75,000 <br /> developer fee. This fee will be used to defray cost for legal, finance, engineering and <br /> communication services provided by the City related to this project. <br /> Project Communications <br /> Pratt-Ordway has sent a letter to property owners in the area. The purpose of the letter will <br /> be to solicit interest in participating in the redevelopment and to develop open lines of <br /> communications during the planning stages. In addition, Len Pratt has begun to make <br /> personal visits to owners upon request. Len Pratt presented the project to the St. Anthony <br /> volunteers (April 26) and is scheduled to present to the Chamber(May 21) and the Kiawanis <br /> (June 12). Team members have also identified the need for Pratt-Ordway to develop a <br /> process to name their development. This will aid in project communications. Pratt-Ordway <br /> indicated a desire to include the public in the naming discussion. A Frequently Asked <br /> Question(FAQ) piece is being developed and should be ready for distribution'later this <br /> month. The Project Team will also initiate development of a chronology of project activities <br /> and communications. <br /> LEADERS IN PUBLIC FINANCE RRrrII <br /> 3060 Centre Pointe Drive Phone:.-6511-697--8503 Fax: 651-697-8555 <br /> Roseville, MN 55113-1105 Email: jim@ehlers-inc.com <br />