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<br />neighborhood groups, business owners and developers) in formulating the <br />Implementation Plan; and <br /> <br />(iv) If the City and Rottlund are unable to agree upon a memorandum of <br />understanding by such date, Rottlund shall deliver to the City for its <br />unrestricted use at no cost to the City all work product, market analysis, <br />architectural and engineering reports, construction budgets, research materials <br />and other documentation produced for Twin Lakes. <br /> <br />3.02 The memorandum of understanding may address, among other topics, the use of <br />public development tools such as public purpose eminent domain as a last resort, tax increment <br />financing, long-term assessments, deferred assessments, industrial revenue bonds, infrastructure <br />bonds, grants and loans. <br /> <br />3.03 Rottlund shall pay the City's third-party costs for financial planning and other analysis <br />in accordance with normal and customary City policies. <br /> <br />3.04 The law firm of Krass, Monroe P.A. is hereby authorized to assist the City in <br />negotiating a memorandum of understanding with Rottlund and to conduct such tax increment <br />financing and other analyses as the City may request. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Council Member <br />Kough, and upon vote being taken thereon the following voted in favor thereof: Kough, Maschka, <br />Klausing, Schroeder and Kysylyczyn <br /> <br />and the following voted against the same: none. <br /> <br />Whereupon said resolution was declared duly passed and adopted <br /> <br />3 <br />