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Finnemann stated that the site plan will be consistent and the building is heading toward a more sophisticated appearance. Kaufhold asked where they would be locating the service dock area. Finnemann replied that it would be located on the highway side of the building. Kaufhold inquired if there would an increased demand on parking with the building increasing in size. Becker replied that initial need will not demand the number of parking spaces that the City is requiring. Black indicated that the basic terms are being worked on and will hopefully go before Council at their next meeting. He added that APi would like to begin construction this spring and staff has been impressed with the quality of the building and flexibility of the company. Becker stated that APi has previously worked with Sherman Associates and that was one of the reasons they decided on this location. Benke inquired to the corporate philosophy towards involvement with the community. Becker replied that APi is very involved with several community organizations; their employees are also very active in the community. Kaufhold stated that he is very impressed with the proposal. Larson added that he is excited to have the company in the City and in the development. Black introduced Mark Nordland from Ryan Companies. The City recently solicited developers that for the office sites located on the east side of the Northwest Quadrant; Ryan Companies was the only company that responded to the advertisement. Black stated that the City is excited to work Ryan Companies again; the company was initially brought in as the master developer for the Northwest Quadrant and they are very familiar with the development. Nordland described Ryan Companies as a family-based construction company that moved into development several years ago. Currently their company's revenue is roughly $9 million, evenly divided between construction and development. They have been actively purchasing sites to do business parks and Target is currently their biggest client. Nordland noted two key features for the Northwest Quadrant office development. The first is the junction of I-35W and I-694, which is the second busiest intersection in the Twin Cities area. The second is the sense of space that is being created in the Northwest Quadrant by the City. Most corporate users will be attracted to high visibility of the sites and will like the community development that is going on around it. He added that currently the multi-story office complexes are not a hot market; however corporate development is popular. The main question is the amount of density that the City would like on the site and how much it can support. Nordland presented three possible site use plans. He noted that a tenant may want to push the building on the back of the lots, for better visibility along the highways, whereas the City's Design Guidelines are calling for the building to be toward the front of the lot. Ryan Companies is anticipating that the corporate sites can be built out within five to seven years. Flahave inquired about potential lease rates and if the buildings could be Class A buildings. Nordland replied that the lease rates should be anywhere from $12 to $16 a square foot and the buildings would most likely be "Corporate A"buildings, which means they would be one tenant, high quality building, but not opulent. Kaufhold asked how many employees are anticipated per square foot. Nordland replied that it is anticipated to have five employees per 1,000 square feet. Harmon asked if they would be working with the transit system to have bus stops in the area. Nordland replied that the tenants would work to bring bus stops to the area and encourage their employees to use the transit system. Page 2 of 5