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2005-07-14 Lachman Ave Extension,~ ,,.,,~ ~4 ~~ ~ :.. F -~ ~~pn~~n~, i~~e. July 14, 2005 Mr. Larry Kruse City of Albertville 5975 Main Avenue NE P.O. Box 9 Albertville, MN 55301 Re: LaBeaux Station Development Lachman Avenue Extension Dear Larry: { ~9 > ~4 ~'f~,~' Please find our position regarding the topic that we discussed at our meeting on Tuesday, July 12, 2005 at City Hall with Mark Kasma of Bolton & Menk regarding the extension of Lachman Avenue through Cascade 11's Land Company, Inc.'s (Cascade II) property bordered by 57th and CR19 (LaBeaux). As you know, Terra Development, Inc. (Terra) is representing Cascade II and have cooperated with Albertville's interest in having Lachman extend through this property. Originally, the City of Albertville did not represent that Lachman Avenue would extend through our property and in fact, our earlier concepts did not include a Lachman Avenue extension at all. This request came from our discussions with staff and we have explored a number of options for its ultimate location. The location of Lachman Avenue approved is where the city desired to have it located through our property. The Lachman Avenue extension and the costs associated with it have been made the responsibility of Cascade II and Terra. These costs are further escalated beyond just the costs of the road improvements as we lose the opportunity to add square footage to the property for development due to the ROW associated with Lachman Avenue. This development also loses square footage due to the utility easement going through the property. At our meeting regarding the Lachman Avenue extension, it was communicated to me that the city would like to charge additional costs tc our development for the extension of Lachman through the Barthel's property to the North. Option 1 and Option 2 (attached) represent an additional cost of either $137,592 or $156,884 to our project. In essence, we are being required to pay for all the Lachman Avenue improvements through our property and additionally a portion of the improvements through Barthel's property. Our objections to this proposal include but are not limited to: • Cascade II is currently required to pay for the complete Lachman Avenue extension through our property (estimated at $87,840), as well as, any necessary hydrant relocation and possible power pole relocation due to the roads location • Cascade II is being asked by the city to split costs with Barthel's based upon the premise that we are benefiting from the extension of Lachman to the North. There are many more parties benefiting from the road extension, including the City of Albertville. • Cascade II is losing property to develop due the road extension Our current estimate for the Lachman Avenue improvements through our property is: Earthwork - $15,180 Utilities - $31,250 Curb & Gutter - $10,360 Bituminous - 31050 Total $87,840 Our first response to this request is that we are not interested in participating in the costs for the road extension through Barthel's property; however, in the spirit of cooperation please find the following alternatives and options to your proposals that you should consider. 1. Cascade II could still complete the construction of Lachman Avenue through our property and pay for improvements (valued at $87,840) 2. If Cascade II is being asked to participate in the costs on the Barthel property then the Barthel's should participate in the costs associated with the Lachman Avenue extension through our property (50/50 or $43,920 to both parties) 3. More parties should participate in the costs for Lachman through the Barthel property, as well as our property. This would help to reduce or offset the costs proposed for the road extension and may allow the road to proceed quicker. 4. Cascade II is willing to sell the Northeast corner of our property to the City of Albertville estimated at 16,400sf for $82,000 to help offset the costs for the Lachman improvements (see attachment). In summary, Terra Development, Inc. representing Cascade II requests that an alternative proposal be drafted for our review. This alternative proposal should include any of the above alternatives described. Our current schedule for LeBeaux Station development is to submit for final plat by the end of July for approval at the September 6, .2005 council meeting. Grading and utility work is anticipated to begin immediately and construction of the first retail building would begin in October 2005. Call with any questions that you may have. nceref T H. Brown Vice President TH B/tb enclosures C: Chuck Christian Bill Christian OPTION 1 LACHMAN AVENUE (LABEAUX STATION TO 60TH STREET NE} ASSUMES WEST SIDE OF BARTHEL'S PROPERTY IS BUILDABLE STREET COST $330,000.00 STORM SEWER COST $28,000.00 TOTAL IMPROVEMENT COST $358,000.00 BARTHEL FRONT FOOTAGE 229 LF WETLAND FRONT FOOTAGE 756 LF TOTAL STREET FRONT FOOTAGE 985 LF FRONT FOOTAGE COST = $358,000 / 985 LF = $364 / LF BARTHEL COST = 229LF X $364 / LF = $83,356 WETLAND COST = 756 LF X $364 / LF = $275,184 ASSUMES WETLAND COST = 50% BARTHEL AND 50% CASCADE II CASCADE II COST = $137,592 BARTHEL COST = $137,592 + $83,356 = $220,948 ~~ , OPTION 2 LACHMAN AVENUE (LABEAUX STATION TO 60TH STREET NE) ASSUMES WEST SIDE OF BARTHEL'S PROPERTY IS NON- BUILDABLE STREET COST $330,000.00 STORM SEWER COST $28,000.00 TOTAL IMPROVEMENT COST $358,000.00 BARTHEL FRONT FOOTAGE 123 LF WETLAND FRONT FOOTAGE 862 LF TOTAL STREET FRONT FOOTAGE 985 LF FRONT FOOTAGE COST = $358,000 / 985 LF = $364 / LF BARTHEL COST = 123LF X $364 / LF = $44,772 WETLAND COST = 862 LF X $364 / LF = $313,768 ASSUMES WETLAND COST = 50% BARTHEL AND 50% CASCADE II CASCADE 11 COST = $156,884 BARTHEL COST = $156,884 + $44,77y = $201,656 ARCNiTEa i2a n Mtnne 0 0 rn i~n 0 rn 0 0 0 wwv .~.- [` r,~ ~: ~`y, L~ ----