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Last modified
7/17/2007 9:25:33 AM
Creation date
5/13/2005 4:37:49 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
10285
Resolution Title
AUTHORIZING CONTINUATION OF THE CONTRACT FOR EXCLUSIVE NEGOTIATIONS BETWEEN THE CITY OF ROSEVILLE, MINNESOTA AND THE ROTTLUND COMPANY, INC. FOR THE TWIN LAKES REDEVELOPMENT AREA
Resolution Date Passed
3/14/2005
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<br />Council Member Maschka introduced the following resolution, the reading of which was dispensed <br />with by unanimous consent, and moved its adoption: <br /> <br />CITY OF ROSEVILLE <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. 10285 <br /> <br />A RESOLUTION AUTHORIZING CONTINUATION OF THE CONTRACT <br />FOR EXCLUSIVE NEGOTIATIONS BETWEEN THE CITY OF <br />ROSEVILLE, MINNESOTA AND THE ROTTLUND COMPANY, INC. FOR <br />THE TWIN LAKES REDEVELOPMENT AREA <br /> <br />BE IT RESOLVED by the City Council (the "Council") of the City ofRoseville, Milmesota <br />(the "City"), as follows: <br /> <br />Section 1. <br /> <br />Recitals. <br /> <br />1.01 On December 8, 2003, the Council approved a resolution for an exclusive negotiation <br />period until March 22, 2004 with The Rottlund Company, Inc. ("Rottlund") relating to <br />redevelopment of the Twin Lakes Redevelopment Area ("Twin Lakes"). <br /> <br />1.02 On March 29, 2004, the Council approved a resolution designating Rottlund as the <br />Master Developer of Twin Lakes and approving a Contract for Exclusive Negotiations with Rottlund <br />(the "Contract") which expires on March 31, 2005. <br /> <br />1.03 On September 27,2004, the Council approved a resolution authorizing the <br />continuation of the Contract based upon Rottlund successfully achieving the requirements under <br />the Contract Section 7 (a). <br /> <br />1.04 On November 8,2004, the Council approved the extension of deadlines relating to the <br />Contract due to the delay in making a concept land use decision as a result of the notification <br />regarding the petition from the Friends of Twin Lakes. The deadline extension was for 60 days after <br />the City mled on the concept land use plan. <br /> <br />1.05 The Contract provides that its purpose is to allow Rottlund to assemble infonnation <br />relating to the economics, site assembly, phasing, environmental remediation and other aspects ofthe <br />redevelopment, to refine its redevelopment proposal and to negotiate with the City concerning the <br />execution of one or more Contracts for Private Redevelopment. <br /> <br />1.06 The Contract allows the City to tenninate the Contract ifRottlund has not completed <br />the following actions by March 14,2004: <br />
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