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Council Member Maschka introduced the following resolution, the reading of which was dispensed with by unanimous consent, and moved its adoption: CITY OF ROSEVILLE COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 10214 A RESOLUTION AUTHORIZING EXECUTION OF A CONTRACT FOR EXCLUSIVE NEGOTIATIONS BETWEEN THE CITY OF ROSEVILLE, MINNESOTA AND THE ROTTLUND COMPANY, INC. FOR THE TWIN LAKES REDEVELOPMENT AREA (PF3543) BE IT RESOLVED by the City Council (the "Council") of the City ofRoseville, Minnesota (the "City"), as follows: Section 1. Recitals. 1.01 On December 8, 2003, the Council approved a resolution for an exclusive negotiation period until March 22, 2004 with The Rottlund Company, Inc. ("Rottlund") relating to redevelopment of the Twin Lakes Redevelopment Area ("Twin Lakes"). 1.02 The resolution contemplated that Rottlund would be designated as the Master Developer of Twin Lakes on March 29, 2004 if the City and Rottlund could reach agreement upon a memorandum of understanding which would become the basis of a Master Developer Agreement or an Agreement for Private Redevelopment. 1.03 Since December 8, 2003, Rottlund and City staffhave worked diligently to meet this goal, but have determined that the Twin Lakes redevelopment project is sufficiently complex that a longer period of study and analysis is needed. 1.04 Rottlund has requested that the City enter into a Contract for Exclusive Negotiations, to expire on March 31, 2005 and in substantially the form attached hereto (the "Contract"), providing for the performance by Rottlund of several activities during that period, including: (a) Work with the Advisory Stakeholder Task Force to formulate an Implementation Plan to implement the Twin Lakes Master Plan, (b) Analyze redevelopment costs, including site assembly, relocation and environmental remediation, together with sources of revenue, to determine the feasibility ofthe redevelopment, amount of necessary public investment and necessary phasing,