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City ufElk River <br />May 2h,2O2O <br />Page <br />Elk River. There is certainly no evidence that would support Planning Commission members' claim that <br />our proposed land use would negatively affect adjoining property values. <br />The vacant parcel to the south would not be impeded nor depreciated in any way with our townhome <br />development. The parcel owner would still be free to build an office park that would conform with the <br />existing zoning or pursue rezoning to a nnid-orhigh'density residential use. <br />We hope you recognize the value of providing affordable housing to older citizens, many of whom <br />expect this to be the last home they ever own. | myself am in this category. My wife Pat and | <br />purchased our one -level tovvnhome17years ago when | was 6Zyears old. <br />|fyou permit the townhouses atTall Pines Utobebuilt, hwill be, asother townhouse projects have <br />already demonstrated, an asset to the City of Elk River. <br />Thank you for your consideration. <br />PINES AT ELK RIVER, LLC <br />w� <br />Roger Derrick <br />Chief Manager <br />RDD:sja <br />