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07-27-2010
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07-27-2010
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Duabav Development Corporation <br />JS June 1, 2010 <br />Mr, Grant Fwehus <br />Ciry o'New Brighton <br />803 Old Highway 8 NW <br />New Brighton, NIN 55112-27C <br />Subject: Cis, ofNew Brighton -Northwest Quadrant <br />Dear Geau4 <br />Below is our raponseto yaw correspondence of May 6" regaNing Ne NOMw¢l Quadrant We <br />will reapoM to the questimu tbnyou have raked Nyourconeapandence: <br />I) Our group would be InterestN m working with the City on a markssam devebpment <br />apartment mmplex. We strongly believe that only logical marked product for that was <br />would be a marka-merental pormarry. <br />2) We base atlacbed by design concept But we would premium on Block A (Tab 1) <br />3) It isimpossible for m he say that we could prvAiat a defued duce for a conservation met. <br />There are too many variables as it relates to financing and marked thew control the <br />developmenta critical path. <br />Having said that ow orypnUation would be prepazetl to work with this, City now to we what <br />could be achieved on the site identified an ora package. <br />4) Our group would only be Interested in Block <br />5) Please refer to am Rnaudal Seenmlosuction (Tab 3) as it relates b potential egolry <br />inmaiom by me city¢ <br />M We believe that this is a decision for the City to make, net for m to suggest. <br />We had asked Mandiad Research to conduct a marks worthily of the partners, cora markN-ma <br />aparbnent that we are proposing in this tureen, online m2013. flood analysis is Nhcbed(Tab 2). <br />Asyoucaneee,me'nprimarywncemis"o mieandwespeAtomadw Tab3. Lady,the <br />credentials ofourwam mebeingprovided as weld ite addresses (see Tab 4). <br />Grant this will he a challenging airc and will arise:sopriEcaut equity In usi cllmum;however, <br />allow <br />io Proce,we need; <br />you <br />oaplore with the Cirypowmtial MascotswcWres iM1at <br />allow us to prrcsd ThaN: you fm We oppommiry. <br />SJin^/ce/reoly, <br />aFnW <br />no Steven J. Bmmm <br />BunbarCevelopmm[ Coryoration Is, Properties, LLC <br />Encl. <br />ntHp Glenwood Avenoe,Soite200 Miuneepolis,Minwwm554225146 C763)3r-7090 FAX(763)377-7089 <br />
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