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<br />Section 3. <br /> <br />Authorizations. <br /> <br />3.01 <br /> <br />The Council hereby authorizes City staff to continue to work with Rottlund <br />on the tasks and for the purposes set forth in the Contract, to ultimately <br />submit a Redevelopment Contract to the City no later than June 13,2005 as <br />the date provided for in the Contract with approved extension per Resolution <br />No. 10259. <br /> <br />3.02 <br /> <br />The Council hereby further authorizes City staff to contract with Krass <br />Momoe for development consulting services for an amount not to exceed <br />$12,500 for financial work and $27,500 for legal and negotiation work in <br />regard to the preparation of a term sheet (to be submitted to the City Council <br />on April 25, 2005) and ultimately in the form of a Redevelopment Contract <br />(to be submitted to the City Council no later than June 13,2005). Rottlund <br />shall reimburse the City for these consultant costs as detailed in Section 13, <br />page 8 of the Exclusive Development Contract. <br /> <br />3.03 <br /> <br />The Council hereby further authorizes City staff to select a qualified blight <br />analysis consultant and complete said required analysis of land and <br />buildings within Phase 1, at a cost not to exceed $15,000, with funds for <br />the blight analysis to be advanced to the City by Rottlund. <br /> <br />Adopted by the Council of the City this 14th day of March, 2005. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Council <br />Member Schroeder, and upon vote being taken thereon the following voted in favor thereof: <br />Schroeder, Maschka, and Klausing <br /> <br />and the following voted against the same: Ihlan. <br /> <br />4 <br />