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2005_0110_Packet
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2005_0110_Packet
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9/14/2009 9:58:58 AM
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Roseville City Council
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Council Agenda/Packets
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with the Redevelopment, it will be necessary to assemble and consider information relative to the <br />economics, site assembly, phasing, environmental remediation and other aspects of the <br />Redevelopment. The purpose of this Agreement is to allow Redeveloper an opportunity to assemble <br />such necessary information, to refine its Redevelopment proposal and to negotiate with the City <br />concerning the execution of one or mare contracts far private redevelopment (collectively, the <br />"Redevelopment Agreement") which, if executed, will set forth the rights and responsibilities of the <br />City and Redeveloper with respect to such Redevelopment. <br />(b� It is the intention of the parties that Redeveloper will proceed with the <br />development activities necessary to permit Redevelopment in a manner, and on terms and conditions, <br />which are mutually acceptable to Redeveloper and the City. The parties acknowledge that in order <br />far Redevelopment to occur, Redeveloper may at some point need financial and/or site assembly <br />assistance from the City. This Agreement does not, however, constitute either approval or such <br />financial or site assembly assistance, nar does it obligate the City to provide such assistance, but the <br />City shall cooperate with such efforts to obtain and will reasonably consider requests far financial <br />a�id/or site assembly assistance. <br />4. Undertakint� bv Redeveloper. During the term of this Agreement, Redeveloper <br />intends to undertake and pursue certain activities with respect to the Redevelopment. Redeveloper's <br />activities will include the following: <br />I i i development of an Implementation Plan far the Redevelopment that is <br />substantially consistent with Master Plan guidelines, or the advising of <br />modifications far consideration by the City to the Master Plan guidelines, <br />{ i G� determination of costs of Redevelopment, including site assembly and <br />preparation of the land far construction, <br />[ii�� analysis of necessary government approvals that will be required and the <br />likelihood and timing of the same, <br />[ix�� review of sources of financing, analysis of the feasibility of the <br />Redevelopment, and <br />{}�� such other activities as would be customary and necessary to determine <br />whether to proceed with the Redevelopment. <br />City's Undertakin� and AQreement. <br />(a) The City agrees to cooperate with Redeveloper in Redeveloper's <br />undertakings, and specifically agrees that during the term of this Agreement the City will not (i) <br />provide or enter into an agreement far provision of financial assistance to any third party in <br />connection with any proposed redevelopment within the Redevelopment Area, (ii) negotiate with <br />any other party for any redevelopment within the Redevelopment Area or (iii) except as may be <br />necessary in connection with the provision of public improvements not related to new development <br />
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