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City Council Regular Meeting - 06/20/05 Minutes - Page 31 look to the expert advice given by consultants and staff, and to look to the Council's role in a broader sense, not to draft contract language from the bench. Mayor Klausing asked City Manager Beets and Community Development Director Welsch if they had any concerns that the proposed contract didn't protect the City's interests sufficiently; or if additional time was needed for a comfort level prior to proceeding. City Manager Beets responded that, in numerous consultations between staff and city consultants, substantial details had been worked out, various scenarios considered and evaluated, Council and citizen comments taken into consideration, and a number of drafts circulated and revised, reflecting the document provided tonight. Mr. Beets opined that the end product was a worthy one and that he was willing to stand by it tonight as representing best efforts to protect and benefit the City. Mr. Casserly noted that, these documents were negotiated contracts, and in his 23 years in the business, with some 250 agreements, he was confident that this document presented a balanced agreement between parties, representing considerable negotiations, creative positioning, and protected the city and citizens of Roseville. Mr. Casserly noted the exhaustive clauses in Article 8 related to events of default and remedies. Schroeder moved, Maschka seconded, adoption of Resolution No. 10317 entitled, ""A Resolution Approving a Contract for Private Redevelopment with Roseville Twin Lakes, LLC for Opportunity Areas 1-5 and 8 of the Twin Lakes Redevelopment Area;" as amended, by deletion of language on page 18 of the draft contract, in Section 4.5,a,2, "Determination of Land Prices," as indicated below: "(2) The cost of any Parcel acquired after December 31, 200 I by the Redeveloper or by any of its equity owners from an unrelated party in an arm's length transaction shall be the price paid for the Parcel, plus