CCP 08-19-2002 - Laserfiche WebLink

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, Vento Plan. but acknowledl!:e that the Vento Plan is a broad framework . for the Projeet and that modificatioo of the TCL'\P Utilization Plan may be necessary or appropriate due to eeenomie, environmeHtal, or other factors; l}develonment which may need to he refined when the environmental remediation analysis for the AH Redevelonment Area. and nossiblv adjoining areas. is comnleted: F. WHEREAS, the narties al!"ree that the westerlv 276 acres of the area under the use and control of the Minnesota Armv National Guard C'Minnesota Guard Area") should be considered when adontinl!: a land use nlan and an infrastructure Dlan for the AH Redevelonment Area even thoUl!:h the Minnesota Armv National Guard will continue to use and control the Minnesota Guard Area for an indefinite neriod of time: G. WHEREAS, the City has selected the Developer to be the Master Developer for the eOflstruetioHredeveloDment of the Projeet on the TCL'\P SiteAH RedeveloDment Area subject to the negotiationterms and exeeutioflconditions of a Disposition and Development Agreement ("DDA"); EH. WHEREAS, Developer, at its sole cost and expense, has agreed to assist the City in obtaining a transfer of the TC.^J.P 8iteAH RedeveloDment Area from the GSA and to undertake an extensive environmental analysis of the TC^~'\P 8iteAH Redevelonment Area in order to determine if it is economically feasible to oonstruet the Projeet on the TC^~'\P 8itenroceed with environmental remediation and redeveIonment; and . Fl WHEREAS, the parties wish to enter into an Interim Agreement which describes the obligations of the parties relating to the transfer of the TC/JJ' SiteAH RedeveloDment Area, the environmental survey and analysis of the TC^~'\P 8iteAH Redevelonment Area, the preparation of a DDA which would become effective upon transfer of the TC'\.'\P 8iteAH Redevelonment Area to the City and the preparation of an Amendment to the City's Comprehensive Land Use Plan for the TC'\.^.P 8iteAH Redevelonment Area ("Comprehensive Plan Amendment"). NOW, THEREFORE, in reliance upon and in consideration of the mutual undertakings herein expressed, City and Developer agree to the following terms and conditions: 3.0 Guidilll! Princinles. The parties acknowledge that the transfer of the TC^J.P 8iteAH Redevelonment Area; the environmental survey of the TCL^.P SiteA!! Redevelonment Area; the preparation of a land use and infrastructure plan; and . 2