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<br />City Council Regular Meeting - 12/19/05 <br />DRAFT Minutes - Page 23 <br /> <br />efforts of the redeveloper. <br /> <br />Mayor Klausing opined that whether a Councilmember were <br />considered a "lame duck" or not, it was part of a <br />Councilmember's discretion and their integrity to make many <br />decisions during their terms of office. <br /> <br />Mr. Krass advised that, while the City Council could postpone a <br />decision at their discretion, they couldn't do so indefinitely, as it <br />wouldn't be acting in good faith. <br /> <br />Councilmember Kough concurred with Councilmember Ihlan <br />regarding the timing for action after the new Council is seated in <br />2006. <br /> <br />Further discussion included recent and pending litigation; the <br />percentage of properties acquired and those remaining for <br />acquisition; pre-conditions being met; and additional <br />negotiations and strategies between property owners and the <br />redeveloper. <br /> <br />Development Attorney and Financial Consultant, Jim Casserly, <br />with the firm of Krass Monroe, spoke to the issue of calculating <br />the ten percent required of the developer as a deposit prior to the <br />condemnation process proceeding and the filing of petitions. <br /> <br />Councilmember Ihlan referenced a recent article from the <br />Minnesota Real Estate Journal (December of 2005) quoting the <br />president of Rottlund regarding control of the Twin Lakes <br />redevelopment properties. <br /> <br />Mr. Krass opined it was not his practice to try lawsuits in the <br />media; and that all print media didn't necessarily represent actual <br />negotiations behind closed doors. <br /> <br />Mr. Casserly concurred with Mr. Krass regarding the majority of <br />discussion between developers and property owners regarding <br />escrow amounts for potential contamination, rather than actual <br />values. Mr. Casserly confirmed that actual values were close to <br />agreement. <br />