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2005_0228_Packet
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2005_0228_Packet
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9/14/2009 9:59:41 AM
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Roseville City Council
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Council Agenda/Packets
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witb ��� Redevelopment, it wi11 be necessary to assemble and consider information relative to the <br />ecoiaon-�ics, site assembly, phasing, el�virozunental remediation and other aspects of the <br />Redevelopment. '�1�e purpose of this Agreement is to a11ow Redeveloper an opportunity to �i,�: ; i7� ��� � <br />�i�ch r�ecessa�y information, to refine its Redevelopment proposal and to negotiate with the City <br />co�lca�ning the execution of one or inore contracts for private redevelopment (collectively, the <br />"Redevelopn�ei�� Agreement") which, if executed, wi11 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 wi11 proceed witb the <br />development activities nec�ss�uy 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 />for Redevelopment to occur, Redeveloper may at some point need �inancial andlor site assembly <br />assistance from the City. This Agreement does not, however, constitute either approval or such <br />financial or site assembly assistance, nor does it obligate the City to provide such assistance, but the <br />City sha11 cooperate with such efforts to obtain and wi11 reasonably consider requests for �inancial <br />�u�dlor site ass���lbly assistance. <br />4. Undertakin�by 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 wi11 include the following: <br />�i� development of an Implementation P1an for the Redevelopment t��at is <br />substantially consistent with Master P1an guidelines, or the advising of <br />modi�ications for consideration by the City to the Master P1an guidelines, <br />(ii) a����n�i�ation of costs of Redevelopment, including site assembly and <br />preparation of the land For construction, <br />(iii) analysis of necessary government approvals that wi11 be required and the <br />1ikelihood and timing of the same, <br />(iv) review of sources of �inancing, analysis of the feasibility of the <br />Redevelopment, and <br />such other activities as would be customary and necessary to detern�.i�e <br />whether to proceed witk� the Redevelopment. <br />5. City's Undertakin� and A�reement. <br />(a) The City agrees to cooperate witl� Redeveloper in Redeveloper's <br />undertakings, and specifically agrees that during the term of this Agreement the City wi11 not {i} <br />provide or enter into an agreement for provision of financial assistance to any third party in <br />connection v�ith any pro osetl re evelopment within the Redevelopment Area, (i�} negotiate with <br />any oth�r party I�ar �i tr��c�ev�l p aeiai within the Redevelopment Area or (iiz� except as n�ay be <br />necessary in connection with the provision of public improvementsnot related to new development <br />G��� � <br />�..., � ,� ;� <br />
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