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MILESTONE DATES ANTICIPATED <br />For <br />THE TWIN LAKES REDEVELOPMENT PROJECT <br />Prepared by Roseville Community Development Department <br />February 10. 2004 <br />Note: These dates a�e estimates based upon the app�oved Exclusive Negotiation Cont�act <br />between the Develope� and the City and based upon no�mal and customa�y developtnent <br />procee�lings. <br />2/28/OS— Developer presentation regarding the Exclusive Negotiation Agreement <br />milestone #2 (page 5, item 7.b.) a n d introduction of a redevelopment agreement term <br />sheet items. <br />2. 3/I S/O5�- Council decision regarding the completeness of Exclusive Negotiation <br />Agreement milestone #2 (page 5, item 7.b.) a� �� <br />Council direction regarding redevelopment agreement tez�a. sheet ai�c! <br />Council direction whether to begin negotiations on a redevelopment agreement <br />and <br />Council decision approving expenditure of financial consulting fees for a not to <br />exceed amount. <br />3. 6/13/OSthrou�h 6/27/OS-- Council decision on a redevelopment agreement and final <br />planned unit development agreement. * <br />* Note: It is anticipated that the �edevelopment ag�eement anc� final PUD will set forth <br />an extensive set of milestones. Hence, what follows are merely estimates of those events <br />and dates that the �edevelopment ag�eement will govern. <br />4. 7/OSthrou�h 11/OS— <br />a. Tax Increment Financing District work begins to include: <br />-"But For" Analysis —would this brownfield redevelopment project be possible if <br />not for public assistance. <br />- Blight Analysis <br />- Review of criteria for establishment of a Hazardous Substance Subdistrict <br />- Decertification of existin� districts <br />- Certification of new districts (includes a public hearing process) <br />b. Environmental Assessment, Response Action Plan Approvals, Site Remediation <br />c. Application of Grants <br />d. Public Improvement Contract Approval <br />5. ��'3 ri t�� r��4 +.� �p �'i�y � 2006 — Ground Breaking on Project Construction <br />6. 2008 to 2009 ---- Tax Increment Financing bonds sold once construction is substantially <br />complete. <br />•: ia• :•J n•t •J� � i,� ����i .'• h I:• i���l��� �'I. �.�� I'i{i.rl� �fi 1 rr•� '���4 s�' � R.•-. �in.l T'x ip : 4:� T5•: w• Ill�fext Steps and Critical <br />Dates (Fcb i 4 Co�incil).doc <br />