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<br />REQUEST FOR COUNCIL DIRECTION/DISCUSSION <br /> <br />Department Approval: <br /> <br />DPW/CB <br /> <br />Manager Approved: <br />^~2A ilJI i3u;tO <br />" L,{,t , , /"'l <br />t, ''t ' , 'f/;,:/ <br /> <br />DATE: 09/13/04 <br />ITEM NO: 10. <br /> <br />Agenda Section: <br /> <br />Item Description: Update on Twin Lakes (Rottlund) Land Use and Financial <br />Analysis (PF 3552) <br /> <br />1.0 REQUESTED ACTION - DIRECTION <br /> <br />1.1 <br /> <br />Based upon Council direction and discussion on August 9, staff, city <br />consultant Jim Casserly, Rottlund Companies and Rottlund's financial, <br />architectural, engineering, and environmental consultants have been working <br />together to revise and refine the Twin Lakes Land Use plan and respective <br />financial analysis based upon that plan and the Council's identified gap <br />strategies. The following will be provided for Council discussion as an <br />pdate on the Twin Lakes development and financing process: <br /> <br /> <br />I <br />l. <br /> <br />Master Developer, Rottlund Companies will provide a summary of the <br />most recent land use plan to gain Council's feedback prior to formal <br />submission to the Planning Commission as a Concept PUD in October. <br />Rottlund will summarize their neighborhood "focus group" meetings <br />where participants on the Twin Lakes Stakeholders Panel were invited <br />back to discuss specific land use modifications and refinements. <br /> <br />b. City finance consultant, Jim Casserly with Krass Monroe will provide <br />a summary of the most recent financing plan and current gap strategy <br />analysis and outline steps necessary to complete a refined plan for <br />consideration under the obligations of the master developer agreement. <br />Mr. Casserly would like Council feedback on the current financial <br />analysis as well as details needed to be able to present an <br />understandable financial picture for the general public as part of the <br />September 20 scheduled public hearing, and prior to a final <br />discussion\action on September 27,2004. <br /> <br />\ <br />\ <br /> <br />PF3552 - ReA (09-13-04) - Page 1 <br />