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2004_0315_Packet
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2004_0315_Packet
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CONTRACT FOR EXCLUSIVE NEGOTIATIONS <br />THIS AGREEMENT executed effective as of the day of , 2004, is <br />between the City ofRoseville (the "City"), havingits offices at 2660 Civic CenterDrive, Roseville, <br />Minnesota 55113, and The Rottlund Company, Inc., a Minnesota corporation ("Redeveloper") with <br />its primary office at 3065 Centre Pointe Drive, Roseville, Minnesota 55113. <br />RECITAL S <br />WHEREAS, the City's Twin Lakes Business Park Master Plan (the "MasterPlan"), adopted <br />on June 26,2001 as an amendmentto the City's ComprehensivePlan, sets forth the City's plans to <br />redevelop the Twin Lakes RedevelopmentArea (the "Redevelopment Area") into a business parkto <br />include multi-story offices, one- to two-level high-techflex space, service industries, service retail <br />and multi-family housing. <br />WHEREAS, in its preliminaryproposal to the City dated November 14,2003, Redeveloper <br />proposed to work with the City to acquire, itself or through its affiliates or other specialized <br />developers, all property in the Redevelopment Area, refine a plan (the "Implementation Plan") to <br />implement the Master Plan, coordinate specialized development firms, coordinate transportation, <br />storm water and other infrastructure improvements, provide accountability and responsibility for <br />implementingthe MasterPlan and complete environmental remediation(generallyreferred to herein <br />as the "Redevelopment" of the RedevelopmentArea). <br />WHEREAS, the City, by resolution dated December 8,2003, designated Redeveloperas the <br />Master Developer of the RedevelopmentArea and agreed to negotiate exclusively through March 22, <br />2004 with Redeveloperfor the redevelopmentof the RedevelopmentArea. <br />WIIEREAS, due to the complexity of determiningthe feasibility of the Redevelopmentand <br />acquiring site control, Redeveloper has requested, and the City has agreed, that the period of <br />exclusive negotiations be extended until March 31, 2005 so that (i) the Redevelopment and site <br />acquisition may be adequately studied and designed, (ii) the Stakeholders Advisory Taskforce can <br />provide its input, and (iii) Redeveloper may further refine its proposal and negotiate with the City <br />concerning public participation in and approval of the proposed Redevelopment. <br />WHEREAS, the parties acknowledge that Redeveloper will expend substantial time and <br />effort, and incur substantial expense, in analyzing the feasibility of the Redevelopment, and the City <br />wishes to cooperate with Redeveloper's initial efforts in analyzing the potential and feasibility of the <br />Redevelopment and are willing to proceed as described in this Agreement. <br />WHEREAS, the City is willing to negotiate exclusively with Redeveloper until March 31, <br />2005, provided certain deadlines and obligations described below are met. <br />
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