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Regular City Council Meeting Monday,June 18, 2012 Page 13 Mayor Roe requested City Manager Malinen and Finance Director Miller to re- search and provide additional information to the City Council in the near future on any alternative financing options that may be available for additional geo- thermal costs not specific to the fire station, given the limitations of the fire sta- tion's construction budget. Johnson moved, Pust seconded, rejection of all bids associated with the four (4) contracts for bid package #2 for the construction of a new fire station; and au- thorizing the Fire Department to conduct a competitive re-bid process for those contracts as listed and detailed in the Request for Council Action (RCA) dated June 18, 2012: Contract #2200 (Plumbing/Heating piping), Contract #2300 (HVAC/Air Distribution), Contract#2500 (Temperature Controls), and Contract #2600 (Electrical/Communication/Security/Technology). Roll Call Ayes: Willmus; Johnson; Roe; Pust; and McGehee. Nays: None. d. Approve Xtra Lease Settlement Mayor Roe noted that this action item was a result of the Closed Executive Ses- sion held earlier tonight. Community Development Director Patrick Trudgeon briefly reviewed the Set- tlement Agreement, provided as a bench handout, attached hereto and made a part hereof. Mr. Trudgeon provided a background over the last few years on this property; reviewed past discussions and negotiations; and remaining pending litigation potential. Mr. Trudgeon reviewed the specific of the Agreement for the City's potential purchase of the property in 2015 in the amount of$1.9 million if not sold by the property owner by then; and stipulations for the owner's continued use and marketing of the property; and payment at this time by the City of $100,000 based on the owner's issues with past City Council actions. Based on these discussions, negotiations, and the advice of the City's legal counsel, staff recommended that the City Council proceed with approving this Agreement. Mayor Roe clarified that the exhibit attached to the RCA included an Escrow Agreement (Attachment D) currently in draft form, and subject to finalization. Johnson moved, Willmus seconded, approval of a Settlement Agreement be- tween the City of Roseville and Xtra Lease Inc. regarding the purchase of land for $1.9 million in the Twin Lakes Redevelopment Area; amended to make ap- proval contingent upon successful and completion of the Escrow Agreement (Attachment D); and authorizing execution of the Agreement by the Mayor and City Manager.