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Partnership <br />Investment <br />Group <br />Dear Hugo residents and city officials, <br />The objectives of this Planned Unit Development are to provide a residential living community that <br />accommodates all age groups. A community that lends itself to its surroundings, is safe, and has the <br />amenities of a beautifully redesigned and expanded public park. <br />1) The project may require a slight deviation from the city's land use regulations as it pertains to <br />density. <br />2) The project will be asking for an increase in the height restriction of the buildings. <br />3) Phase I of the project will need a rezoning for a senior care facility. <br />In return for these concessions for this development: <br />1) The project will create new property tax revenues. <br />2) The project will create a minimum of 100 short-term employment jobs. <br />2) Phase I will create 50 permanent full-time jobs. <br />3) The project will provide additional connecting trails through the development to the park <br />4) The city will have the opportunity to enlarge its oldest park. <br />5) The project will help maintain the stability of city services. <br />g) The project will increase the local economy with additional residents. <br />7) The project will create a storm water reuse standard for Lions park. <br />More -over the development will ultimately accomplish the goal of providing its tenants an affordable <br />living environment with an architectural aesthetic only found in upscale neighborhoods. <br />6607 145' Circle N. Hugo, MN 55038 (651) 216-4253 <br />