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communication systems for Twin Lakes as a whole, and the Council has determined that these goals, among others stated in the Twin Lakes Master Plan, would be most effectively implemented by designation of a Master Developer to coordinate specialized redevelopers of specific land uses, construction of streets and utilities, and environmental clean-up, based on City plans and with City assistance. 1.05 The Rottlund Company, Inc. ("Rottlund") has requested that it be designated as the City's tentative Master Developer for Twin Lakes. 1.06 In its preliminary proposal to the City dated November 14,2003, Rottlund proposes to invest time, expertise and money to continue to work with the City to voluntarily acquire all property in Twin Lakes, refine a plan (the "Implementation Plan") to implement the Twin Lakes Master Plan, coordinate specialized development firms such as, but not limited to, Roseville Properties, Welsh Companies and Ryan Companies US, Inc., coordinate transportation, storm water and other infrastructure improvements, provide accountability and responsibility for implementing the Twin Lakes Master Plan and complete environmental clean-up. 1.07 Rottlund has requested that the City provide an exclusive negotiation period with Rottlund with respect to redevelopment of Twin Lakes. Section 2. Findings. 2.01 The City hereby finds that the redevelopment of Twin Lakes, and designation of Rottlund as the tentative Master Developer for such redevelopment, promote the objectives outlined in the Twin Lakes Master Plan. Section 3. Authorizations. 3.01 The City hereby agrees that it will negotiate exclusively through March 22,2004 with Rottlund for the redevelopment of Twin Lakes and designation ofRottlund as the Master Developer of Twin Lakes, during which period the following actions shall occur: (i) Rottlund, at its own expense, shall conduct any analysis ofthe environmental and geotechnical condition of Twin Lakes as it deems necessary in order to carry out the responsibilities of a Master Developer as set forth in Rottlund's letter to the City dated November 14,2003 and such other responsibilities and obligations to be negotiated with the City; (ii) The City and Rottlund shall agree upon the terms of a memorandum of understanding which, if approved by the Council on March 22, 2004, shall become the basis of a Master Developer Agreement or an Agreement for Private Redevelopment to be negotiated between the City and Rottlund; (iii) Rottlund shall agree to work with an Advisory Stakeholder Task Force to be appointed by the Council (to include property owners, residents, 2