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2.8 The staff has reviewed the three actions to be completed by September 30, 2004 and <br />found the actions to be completed consistentwith the Agreement, and thereforerecommends <br />adoption of a resolution authorizing further work through December 31,2004. <br />3.0 RECOMMENDED COUNCIL ACTION <br />3.1 Adopt a resolution which affirms that the Master Developer has satisfactorily completed <br />the three actions set forth in the March 24,2004 Twin Lakes Contract for Exclusive <br />Negotiations with The Rottlund Companies and authorizes the Master Developer and <br />staff to continue work in the next phase of the work program through December 31,2004. <br />(draft resolution attached), <br />�* <br />3.2 Adopt a resolution which terminates the March 24,2004 Twin Lakes Contract for <br />Exclusive Negotiations with The Rottlund Companies, for reasons listed in the resolution. <br />(draft resolution attached) <br />Attachments: Draft Resolutions. <br />Preparedby: Dennis Welsch (651-792-7071�, Cathy Bennett(651-792-7072) <br />'�•�ic4-rinsl.usvcaevill��ortvnIkti',PL�VNf7+IG �SVb �C]NINIa�PiJ4NNIhFCG_F�IFS�3i0b.3��3543 lk�tin Lakes Implement-Rottlund\Twin <br />Lakes Finance P1an�IiCA_Twin Lakes E�ccl Negot Benchmark(092704).doc <br />PF3543 - RCA (09-27-04) - Page 3 <br />