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<br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br /> <br />~ <br />EN HILLS <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: April 10, 2002 <br /> <br />TO: Mayor and City Council <br />Joe Lynch, City Administrator <br /> <br />FROM: Aaron Parrish, City Planner ~( <br /> <br />SUBJECT: TCAAP Developer Discussion <br /> <br />Developer Team Members <br /> <br />To date, the Council has heard four formal presentations from various development teams <br />interested in partnering with the City on the reuse and redevelopment of select portions of <br />TCAAP. For reference, the following companies have made presentations: <br /> <br />1. Mills Corporati on <br />2. Centex Multifamily Homes / Glenn Rehbein Construction <br />3. Dave Bernard Home Builders (Rottlund Homes) <br />4. Opus Corporation <br /> <br />A spreadsheet highlighting the key team members for each presenter has been attached for your <br />revIew. <br /> <br />Model Af!reements <br /> <br />As Council may recall, staff was previously directed to research model agreements that could <br />provide the foundation for a relationship between the City and prospective partner. Throughout <br />the course of researching a number of "high profile" developments throughout the metro area, it <br />was found that the range of agreements between the respective Cities and developers was highly <br />situational and project dependent. In short, there is no standard approach. For reference, the <br />following projects and related agreements were researched: <br /> <br />I. Park Commons East Redevelopment in St. Louis Park <br /> <br />A preliminary development agreement is being utilized prior to the negotiation and <br />execution of a redevelopment agreement. This agreement offers the developer <br />exclusivity for a specified period of time while they compile applicable market and <br />