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Council Member Maschkaintroducedthe following resolution,the reading ofwhich was dispensed <br />with by unanimous consent, and moved its adoption: <br />CITY OF ROSEVILLE <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION NO. 10285 <br />A RESOLUTION AUTHORIZING CONTINUATION OF T�IE CONTRACT <br />FOR EXCLUSIVE NEGOTIATIONS BETWEEN THE CITY OF <br />ROSEVILLE,MINNESOTAAND THE ROTTLUND COMPANY,INC. FOR <br />THE TWIN LAKES REDEVELOPMENT AREA <br />BE IT RESOLVED by the City Council (the "Council")o�`t�e City of Roseville, Mi��esota <br />(the "City"), as follows: <br />Section 1. Recitals. <br />1.01 On December 8,2003, ih� Council approved aresolution for an exclusivenegotiation <br />period until Maa-ch 22, 2004 with The Rottlund Company, Inc. ("Rottlund") relating to <br />xedev�lopz�cz�t of the Twin Lakes RedevelopmentArea ("Twin Lakes"). <br />1.02 On March 29,2004, �'��v Couiicil approved aresolution designatingRottlund as the <br />Master Developer of Twin Lakes and approving a Contract for ExclusiveNegotiations with Rottlund <br />(the "Contract") which expires on March 31,2005. <br />1.03 On September 27, 2004, the Council approved a resolution authorizing the <br />continuation of the Contract based titpon. Rottlund successfully achieving the requirements under <br />the Contract Section 7 (a). <br />1.04 OnNovember 8,2004,the Council approvedthe extensionofdeadlinesrelatingto the <br />Contract due to the delay in making a concept land use decision as a result of the notification <br />regarding the petition froin the Friends of Twin Lakes. "i'he deadline exiension was for 60 days after <br />the City mled on the concept land use pla�-�. <br />1.05 The Contractprovides that its pt�ipose is to a11ow Rottlund to assembleinfonnatioai <br />relating to the economics, site assembly, phasing, enviroi�rnenial remediation and other aspects of tlze <br />redevelopment, to refine its redevelopment proposal and to negotiate with the City concer�i�lg the <br />execution of one or more Contracts for Private Redevelopment. <br />1.06 The Contract allows the City to terminate the Contractif Rottlu�d has not completed <br />the following actions by March 14, 2004: <br />