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<br />Regular City Council Meeting - 03/29/04 <br />Minutes - Page 22 <br /> <br />as well as eliminating long-term leases of recently-acquired <br />properties, increasing the vacancy level and revenue source <br />for the developer; and annual costs to the developer of <br />$800,000 to $1 Million in maintaining the properties. <br /> <br />Mr. J ohannson asked the Council's courtesy for all <br />stakeholders that if the Council didn't wish to pursue the <br />project, that it make a final decision now, and not drag out <br />the decision, noting the continued decline in the financial <br />picture for the developer, the longer the analysis lasts. Mr. <br />Johannson noted that it was the Council's choice of five <br />options to proceed with the Master Developer process, and <br />requested that they honor that decision by proceeding at <br />this time in signing the contract to allow the analysis to <br />proceed. Mr. J ohannson noted that continued delays in the <br />project planning process were creating land acquisition <br />issues as some sellers were taking advantage of the delay in <br />inflating land values; and may prompt the need for the <br />Council to commit to condemnation for acquisition that <br />was fair and affordable, not exorbitant. Mr. Johannson <br />concluded his comments by reminding the Council that the <br />developers had invested over a year in the process in good <br />faith, but their project was market sensitive and all parties <br />needed to find something feasible to make the project <br />work; using an example of the Twin Lakes Parkway at a <br />cost of $10 Million to the developer that was not developer <br />costs. <br /> <br />Mayor Klausing closed public comment and sought <br />consensus on the revised contract language, including the <br />amended language recommended by City Manager Beets at <br />tonight's meeting. <br /> <br />Maschka moved, Schroeder seconded, adoption of <br />Resolution No. 10214 entitled, "A Resolution <br />Authorizing Execution of a Contract for Exclusive <br />Negotiations between the City of Roseville, MN and the <br />Rottlund Company, Inc. for the Twin Lakes <br />Redevelopment Area (PF 3543)," as amended and <br />presented in the staff report dated March 29, 2004; and <br />as amended by City Manager Beets with the wording <br />