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2004_0329_Packet
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2004_0329_Packet
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a;'19r0� <br />CONTRACT FOR EXCLUSIVE NEGOTIATIONS <br />THIS AGREEMENT executed effective as of the day of , 2004, is <br />between the City of Roseville (the "City"), having its offices at 2660 Civic Center Drive, 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 />RECITALS <br />WHEREAS, the City's TwinLakesBusinessParkMasterPlan (the "MasterPlan"), adopted <br />on June 26,2001 as an amendmentto the City's ComprehensivePlan, sets forththe City's plans to <br />redevelop the Twin Lakes Redevelopment Area (the "Redevelopment Area") into a business park to <br />include multi-story offices, one- to two-level high-tech flex space, service industries, service retail <br />and multi-family housing. <br />WHEREAS, in its preliminary proposal 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 Master Plan and complete environmental remediation (generally referred to herein <br />as the "Redevelopment" of the Redevelopment Area). <br />WHEREAS, the City, by resolutiondated December 8,2003, designated Redeveloperas the <br />Master Developer of the RedevelopmentAreaand agreedto negotiate exclusivelythrough March 22, <br />2004 with Redeveloper for the redevelopment of the Redevelopment Area. <br />WHEREAS, due to the complexityof determining the feasibility of the Redevelopmentand <br />acquiring site control, Redeveloper has requested, and the City has agreed, that the period of <br />exclusive negotiations be e�ended until March 31, 2005 so that (i) the Redevelopment and site <br />acquisition may be adequately studied and designed, (ii) the StakeholdersAdvisory Tasl�orce 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 analyzingthe feasibilityof 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 />�/■I : �_ .� �- •.r - � -�� • .�, �- -. • �► • . . -. • �- <br />'-.- - •.�i-� : •� �- �- •� -� , •� • •� • �- u • � �• -..-. .- <br />. <br />a - � • •� <br />
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