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<br />SCHOOLHOUSE PARTNERS, LLC <br />3030 Granada Avenue North <br />Suite A <br />Oakdale, Minnesota 55128 <br />Phone:651-777-6869 <br />Fax:651-777-8007 <br /> <br />September 15,2005 <br /> <br />Mr. John Hinzman <br />City Planner <br />City of Hastings <br />101 East 4TH Street <br />Hastings, MN 55033 <br /> <br />Re: Schoolhouse Square <br /> <br />Dear Mr. Hinzman, <br /> <br />We are in receipt of your letter dated September 8, 2005 pertaining to the "Sunset <br />Clause" on the construction of the 57 unit condominium building at Schoolhouse Square. <br /> <br />At this time we wish to extend this approval through 2006 in order to allow <br />sufficient time for our marketing efforts to produce sales that will justify the start of <br />construction. And, although our progress in this regard has been somewhat favorable, the <br />changing real estate market and the additional costs associated with winter construction <br />have made us cautious about starting the project this fall. <br /> <br />Please advise us as to the specific date during which the City Council will address <br />this issue and do not hesitate to call either myself or Pat Regan with any questions you <br />may have whatsoever. <br /> <br /> <br />Mario . C cchiarella <br />Managin Partner <br />