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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 />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 />
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