July 15,2009

Ms. ElizabethFritzen
TownshipClerk
MaplewoodMunicipalBuilding
574Valley Street
Maplewood,NJ 07040

DearMs. Fritzen

R-K DevelopmentCo{porationis pleasedto submittlis responseto the Townshipof

Maplewoodfor the Requestfor Ietters of Interestfor 125Dunnell Road. Our company's
development qualificationsandfinancialstrengthuniquelypositionus to completethis
projectasa first classresidentialcommunity.ln addition,we havetheproject
management expertiseandmarketingcapabilitythatwouldensurethesuccess of 125
Dunnell Street. The exactprograrnwill be determinedoncea thoroughmarketandsite
analysisis conducted,andwe arecornmittedto achievingarchitecturalandurbandesign
excellencethat befits that initiative. We Iook forwardto further discussingwith you this
excitingproject.

Sincerely,

I tr ' - - ,
lL , ' / \
William J. Rosato Mike Keltz
a.'\ z c. \ \
n-\\1 \
CORPORATEINFORMATION

R-K DevelopmentCorporation
William J. Rosato
Mike Keltz
1130AdamsStreet
Hoboken,NJ 07030
(201)410-8370
(911)923-1490 , .. ,./
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KEY PERSONNEL

The development teammemberslistedbelowarecunentlyexecutives of Tanagon

DevelopmentCorporationandprincipalsof R-K Development Corporation.Both will be
activelyengagedin theexecutionof theprojectandcornrnitted
to ensurethatthe 125
DunnellRoadprojectis completedsuccessfully andto thehighestpossiblestandardsfor
theTownshipof Maplewood.

Willianr J. Rosato
Presidentof Tarragon DevelopmentCorporation
William J. Rosatois a PrincipalandFoundingMemberof R-K Development Cotporation,
a companyformedin 2009.
He is alsoPresidentof TanagonDevelopment Corporation,whereheis responsiblefor
managingtheCompany'sdevelopment activities.He alsoservesasExecutiveVice
Presidentof Development andExecutiveVice Presidentof Constructionfor Tarragon
Corporation.Mr. Rosato joined thecompanyin October2003. He previouslyservedas
SeniorVice Presidentfor TarragonCorporationandTarragonDevelopmentCorporation
from February2005throughFebruary2007and asDirector of Constructionfrom
October2003throughFebruary2005.Beforejoining Tarragon,Mr. Rosatomanaged
development activitiesin theNew York metropolitanareafor LincolnPropertyCompany.
Priorto thathe heldpositionsin theNew York officesofBovis LendLeaseand
SkidmoreOwingsandMenill. Mr. Rosatoreceive{his BA andMasterof Architecture
degreesfrom the Universityof Pennsylvania. He is a memberof theAmericanInstitute
of Architectsanda licensedarchitectin thestateof New York. Mr. Rosatois a member
of the UrbanLandInstituteandtheNationalAssociationof HomeBuilders,andhe
currentlyserveson theBoardof Visitorsadvisorycouncilto theSchoolof Architecture
for the New JerseylnstituteofTechnology.
Mike Kehz
Vice President of Tarragon Developntent Corporation
Mike Keltz is a Principal and Founding Member of R-K DevelopmentCorporation,a
company formed in 2009.
He also currently servesas a Vice Presidontof TarragonDevelopmentCorporation.Since
joining Tarragon Corporationin January2006, Mr. Keltz has continuedhis careerin
managingluxury high-rise,multi-family residentiaiconstruction.His most recently
completedprojects,found on New Jersey'sGold Coast;include One HudsonPark in
Edgewater,New Jerseyand Trio in PalisadesPark, New Jersey.Mr. Keltz is currently
managingthe developmentand constructionof 800 Madison in Hoboken,New Jersey
and the pre-constructionand developmentof900 Monroe in Hoboken,New Jersey.Prior
to joining Tanagon, Mr. Keltz was a project managerwith Bovis Lend Leasewhere he
managedconstructionprojects and provided pre-constructionservicesfor large projects
in the New York metropolitanarea.His project experienceconsistsof luxury single
family and multi-family residential,office, retail, correctionalfacilities, public park
projects,and rail yard site work projects.Mr. Keltz has also held positionswith site work
contractorsand wood framing specialist.Mr. Keltz receivedhis Bachelorof Science
degreefrom the University of Scrantonand will be receiving and MBA from SetonHall
University in 2010.

DESCRIPTION AND APPROACH FOR THE PROJECT

Mr. Rosatoand Mr. Keltz place high value on architectureand design. Our projects
respondto the uniquenessof their context. Our designersare recognizedexpertsin their
fields and strive to ensureprojects accuratelyreflect local architectureand character.
Many of our signatureprojects at Tarragonhave won awardsand recognition. We were
recently recognizedwith three awardsfrom the National Associationof Homebuilders'
22"'Annual Best in American Living Awards (BALA) program,the nation's foremost
residentialdesign award competition.

. Tarragon's Upper Grand Community in Hoboken,New Jerseywas the Silver

Award winner for Best Urban Smart Growth Neighborhood./Community.

o The Edenville unit in Tarragon'sWarwick Grove in Warwick, New York was the
Gold Award winner for Best Single-Family DetachedHome and Warwick Grove
also won the award foi Best in the North Arlantic Regron.

We foster and encouragedialoguewith community stakeholders,and recognizethat 1oca1

perspectivesare essentialin crafting projectswe can be proud of. The unique location of
125 Dunnell Road, acrossfrom Memorial Park and down the streetfrom Maplewood
train station,will inform the design of our project and result in a great addition and
amenity to the neighborhood,complementingwhat is alreadythere.
EXP E RI E N CE AND QUA LIF ICATI ON S

The Upper Grandin Hoboken,New Jersey,is the bestexampleof R-K Development's

design and constructionexperiencemost relevantto 125 Dunnell Road. Mr. Rosatoand
Mr. Keltz are the developmentexecutivesin chargeofTanagon's Upper Grand
developmentin Hoboken, New Jersey,a 1500residentialunit developmentin Hoboken's
Norlhwest RedevelopmentDistrict. Upper Grand is an outstandingand award winning
example of a Smart Growth community, plannedon principles embracedby the New
JerseyStatePlan. To date, six buildings in the district, krown as 800 Madison, 1000
Jefferson,1100Adams, 1118Adams, 1200Grandand 1300Grand,arecompleted,or
near completion, designedin an attractiveurban,row-housestyle.

Providing affordablehousing is an essentialcomponentof the Upper Grand project. To

date,90units of affordablehousingarecompleteat 1118AdamsStreet.Significantly,
the affordable housing is built to the samehigh-endstandardsas the market rate for-sale
buildings and is seamlesslyintegratedinto this new community. 1118Adams is the first
LIHTC building in Hoboken and the first subsidizedproject to be built there for families
in decades.It is also the first job to provide first class amenities,including underground
parking, 2 bathroomsin every apaltment,9 foot ceiling and private outdoor space.

AIso notableis 1I 18 Adams Street'sincorporationof Green Building and Sustainable

Design standards.The "greenest"of any Upper Grand's buildings, 1118Adams Streetis
setting the standardfor sustainabilityin Hoboken. No expensewas sparedto incorporate
greenfeaturessuch as high-efficiency appliancesand SEER 13 HVAC system;low
Volatile Organic Compoundsmaterialsfor interior cabinets,carpetand paint; high-
performancewindows and extensiveinsulation to ensureenergyconservation. 1118
Adams Streetis certified undet'New JerseyGreen and Energy Star programs.

Upper Grand has brought significant economicdevelopmentbenefitsto the City of

Hoboken, strengtheningits tax baseand creatingnumerousjobs in such sectorsas
construction,propefty management,landscaping,retail and community services.
Perfectly integratedinto the fabric of Hoboken, Upper Grand is a new paradigmfor
mixed-useliving in New Jersey,offering residentsthe best in housingdesign,community
amenitiesand inter-modal transit connections,with stunningviews of midtown
Manhattan.

*See attachedphotos of completedNew JerseyDevelopments

FINANCIAL CAPACITY

Throughvariouspartnerships R-K Developmenthasthe financiaLstrengthand

availability of capital to completethis project successfully.
iri^