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<br />ROTTLUND HOMESn< <br /> <br /> <br />^ OMSlON OF THE ROTTLUND COMl'ANV, INC <br /> <br />EXHIBIT C <br /> <br />September 22, 2004 <br /> <br />Mr, Neal Beets, <br />City Manager, <br />City of RoseviJ1e, <br />2660 Civic Center Drive, <br />Roseville, MN <br />55113-1899 <br /> <br />Dear Ivfr. Beets, <br /> <br />RE: Contract for Exclusive Negotiations <br />Twin Lakes Redevelopment <br /> <br />On March 29, 2004, the City of Roseville and The Rottlund Company entered into a "Contract for <br />Exclusive Negotiations". In the recitals to this Contact is a number of "whereas clauses" <br />providing an indication of the goals and the objectives of the parties in entering into this Contract. <br />Article 7 of the Contract states that the: <br /> <br />Redeveloper shull take the following actions: <br /> <br />(a) By September 30, 2004: <br /> <br />41 Complete work with an Advisory Stakeholder Task Force to be appointed by the Council <br />(to include property owners, residents, neighborhood groups, business owners aud <br />developers) in formulating the Implementation Plan. <br /> <br />@ Identify all real property that must be acquired to undertake and complete the <br />Redevelopment, including preliminary appraisals and relocation costs for representative <br />parcels in the initial phases of the Redevelopment. <br /> <br />e In coordination with the City, prepare a preliminary fmancial feasibility analysis <br />identifying costs and sources of revenue, including tax increment and other potential <br />sources of public assistance, to determine the necessary public investment in the <br />Redevelopment, assuming the City Council shall have ~pproved the Redevelopment Area <br />identified for the Phase I of the Redevelopment, and the City and Redeveloper have <br />agreed in principle on a strategy to close the gap in financing the Redevelopment <br /> <br />In view of the above reql1irements we have completed the following: <br /> <br />fb participated in the Twin Lakes Stakeholder Panel - a six month consultation process <br />which included property owners, residents, neighborhood groups, business owners and <br />developers. The results of this process was presented to City Council On July 12th and a <br />final summary has been delivered to the City by the panel's facilitator - John Shardlow <br /> <br />~ <br />u~.'\'lll MU'~ii.~~ <br />,.,"a",.~=---='~5 CENTRE ~lN,~2RlVE ,,~9~~EJ~~:L_.-:_~~Nll.li!B-GLOO BqL65i)63B-4~~=__~~=-__-= <br />