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communication systems for Twin Lakes as a whole, and the Council has determined that these goals, among others stated in the Twin Lakes plaster Plan, would be most effectively implemented by designation of a plaster Developer to coordinate specialized redevelopers of specific land uses, construction of streets and utilities, and environmental clean -up, based on City plans and with City assistance. 1.05 The Rottland Company, Inc. ( "Rottland ") has requested that it be designated as the City's tentative Master Developer for Turin Lakes. 1.06 In its preliminary proposal to the City dated November 14, 2003, Rottland proposes to ingest tune, expertise and money to continue to work with the City to voluntarily acquire all property in Twin Lakes, refire a plan (the "Implementation Plan ") to implement the Twin Lakes plaster Plan, coordinate specialized development firms such as, but not limited to, Roseville Properties, welsh Companies and Ryan Companies US, Inc., coordinate transportation, storm water and other in astructure improvements, provide accountability and responsibility for implementing the Twin Lakes plaster Plan and complete environmental clean -up. 1.07 Rottland has requested that the City provide an exclusive negotiation period with Rottland with respect to redevelopment of Twin Lakes. Section 2. Finding. 2.01 The City hereby finds that the redevelopment of Twin Lakes, and designation of l ottlund as the tentative piaster Developer for such redevelopment, promote the objectives outlined in the Twin Lakes Master Plan. Section 3. Author*zations. 3.01 The City hereby agrees that it will negotiate exclusively through March 22,2004 with Rottland for the redevelopment of Twin Fakes and designation of Rottland as the Master Developer of Twin Lakes, during which period the following actions shall occur: Rottland, at its own expense, shall conduct any analysis of the environmental and gtechnical condition of Twin Lakes as it deems necessary in order to carry out the responsibilities of a piaster Developer as set forth in l ottland's otter to the City dated November 14, 2003 and such other responsibilities and obligations to be negotiated with the City; GO ";Me City and Rottland shall agree upon the terms of a memorandum of understanding which, if approved by the Council on March 22, 2004, shall become the basis of a Master Developer Agreement or an Agreement for Private Redevelopment to be negotiated between the City and Rottland; (iii) Rottland shall agree to work with an Advisory Stakeholder Task Force to be appointed by the Council (to include property owners, residents, PIA