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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 />