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2004_0315_Packet
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2004_0315_Packet
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any third party. The City acknowledgesthat Redeveloperhas, during the term of this Agreement, the <br />exclusive right to deal with the City on matters relating to the redevelopmentof the Redevelopment <br />Area, and the City will do nothing which is inconsistentwith that right. Redeveloper understands, <br />however, that much of the real property in the Redevelopment Area is owned by third parties and <br />that the City cannot preclude the development thereof by its owners; provided, however, the City <br />agrees to consider implementing an interim ordinance pursuant to Minnesota Statutes 462.355 as <br />necessary for the protection of the planning phases of the Redevelopment Area. <br />(b� The City agrees to promptly process all applications relating to the <br />Redevelopment. The City shall take reasonable steps consistent with its statutory authority and <br />legislative discretion, where applicable, to initiate and complete or cause to have completed on a <br />timely basis all necessary and appropriate governmental actions needed to redevelop the <br />Redevelopment Area, including, but not limited to, those actions set forth in Section 11. <br />6. Phased Development. <br />(a) Redeveloper and the City acknowledge that the Redevelopment Area may be <br />redeveloped in non-contiguous phases over a number of years. The redevelopment of the <br />Redevelopment Area, including the scope, nature and location of phased redevelopment, will be <br />subject to such priorities as Redeveloper, in its reasonable judgment, deems consistent with the <br />Master Plan and market conditions, taking into consideration the following variables: timing, <br />geographic areas within the RedevelopmentArea; the scope of necessaryimprovements; and the type <br />of development to take place (for example, residential or commercial). <br />(b� As a result of the phased redevelopmentof the Redevelopment Area, the City <br />anticipates that it will enter into a Redevelopment Agreement for the Redevelopment Area with <br />Redeveloper which may provide for separate Redevelopment Agreements with Redeveloper for <br />certain phases of redevelopment of the Redevelopment Area. The terms and conditions of such <br />Redevelopment Agreements shall be subject to the provisions of this Agreement and the mutual <br />agreement of Redeveloper and the City. <br />7. Redevelo�er Actions. Redeveloper shall take the following actions: <br />(a) By September30,2004: <br />Complete work with an Advisory Stakeholder Task Force to be <br />appointed by the Council (to include property owners, residents, <br />neighborhoodgroups, business owners and developers) in formulating <br />the ImplementationPlan. <br />Identify all real property that must be acquired to undertake and <br />complete the Redevelopment, including preliminary appraisals and <br />relocation costs for representative parcels in the initial phases of the <br />Redevelopment. <br />� <br />
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