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Statutes, Sections 469.174 through 469.1799, inclusive. 1.05 The Council hereby approves the Term Sheet and authorizes the Community Development Director and the City Manager to negotiate a Contract for Private Redevelopment with Rottlund, which Contract shall be presented to the Council for its approval, provided that the City receives reimbursement from Rottlund for the costs incurred by the City as set forth in Section 18 of the Contract for Exclusive Negotiations. Section 2. PavmEnt of Certain Consulting Fees. 2.01 The Council hereby authorizes City staff to contract with Krass Monroe, P.A. for an amount not to exceed $45,000 for the following development consulting services: �a� Review options for type, timing and implementation of the Tax Increment District, �b� Modify program or establish new program (including preparation of budgets, etc.), (�� Create the initial Tax Increment District and Hazardous Substance Subdistrict, �d� Review blight fmdings and analysis of inspectionreports, �� �e� Complete additional work related to completion of the Term Sheet and the Contract for Private Redevelopment. Adopted by the Council of the City this day of ,2005. The motion for the adoption of the foregoing resolution was duly seconded by City Council Member and upon vote being taken thereon, the following voted in favor: and the following voted against: WHEREUPON said resolution was declared duly passed and adopted.