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Last modified
7/17/2007 9:25:13 AM
Creation date
5/13/2005 2:42:10 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
10297
Resolution Title
A RESOLUTION APPROVING A TERM SHEET WITH THE ROTTLUND COMPANY, INC. FOR THE TWIN LAKES REDEVELOPMENT AREA AND APPROVING THE PAYMENT OF CERTAIN CONSULTING FEES
Resolution Date Passed
4/25/2005
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<br />1.04 The Council hereby finds that the proposed redevelopment is located in an area <br />which the Council intends to include in a Tax Increment District pursuant to Minnesota Statutes, <br />Sections 469.174 through 469.1799, inclusive. <br /> <br />1.05 The Council hereby approves the Term Sheet and authorizes the Community <br />Development Director and the City Manager to negotiate a Contract for Private Redevelopment <br />with Rottlund, which Contract shall be presented to the Council for its approval, provided that <br />the City receives reimbursement from Rott1und for the costs incurred by the City as set forth in <br />Section 18 of the Contract for Exclusive Negotiations. <br /> <br />Section 2. <br /> <br />Payment of Certain Consulting Fees. <br /> <br />2.01 The Council hereby authorizes City staff to contract with Krass Monroe, P.A. for <br />an amount not to exceed $45,000 for the following development consulting services: <br /> <br />(a) Review options for type, timing and implementation of the Tax Increment <br />District, <br />(b) ModifY program or establish new program (including preparation of budgets, <br />etc.), <br />(c) Create the initial Tax Increment District and Hazardous Substance Subdistrict, <br />(d) Review blight findings and analysis of inspection reports, and <br />(e) Complete additional work related to completion of the Term Sheet and the <br />Contract for Private Redevelopment. <br /> <br />Adopted by the Council of the City this 25th day of April, 2005. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Council Member <br />Schroeder and, upon vote being taken thereon, the following voted in favor thereof: Maschka, <br />Schroeder, and Klausing <br /> <br />and the following voted against: Ih1an and Kough <br /> <br />WHEREUPON said resolution was declared duly passed and adopted and was signed by the <br />Mayor and attested to by the City Clerk. <br /> <br />2 <br />
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