CCP 07-27-2010 - Laserfiche WebLink

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• CONTRACT FOR EXCLUSIVE NEGOTIATIONS AND CONSULTING AGREEMENT BY AND BETWEEN THE CITY OF NEW BRIGHTON, MINNESOTA AND RYAN COMPANIES US, INC. This Contract for Exclusive Negotiations and Consulting Agreement made as of the 1st day of January, 2002, by and between the City of New Brighton, Mimesota, a public body corporate and politic (the "City"), having its principal office at 803 Old Highway 8 NW, New Brighton, Minnesota 55112-2792, and Ryan Companies US, Inc., a Mimemm corporation ("Ryan"), having its principal offices at 700 International Centre, 900 Second Avenue South, Minneapolis, Minnesota 55402-3387. RECITALS The Redevelopment Property, described on attached Exhibit A, is an underutilized and inappropriately developed site. The City's objective is to faciliute a well-plamed development of the Redevelopment Properly through a cooNoutted and integrated development strategy which will take advantage of the unique characteristics of the Redevelopment Property. Planning the Redevelopment Property as a comprehensive district, the City will develop it as a high-profile regional center compatible with surrounding land uses, including the new downtown • projects and Long Lake Regional Park. The development will mirdmize additional tuck traffic to the Old Highway 8 Cor idoq while at the same time bringing an increased visibility and aesthetic value to the Redevelopment Property and the City. In an effort to mitigate the adverse impact of the Redevelopment Property and to preserve and enhance the value and tax base of the Redevelopment Property and of the City, the City anticipates that a number of actions will be called for, including the acquisition of the existing commercial businesses whilin the Redevelopment Property and the redevelopment of the Redevelopment Property as a high density, mixed nae development to include commercial and residential developmerm including but not limited to, office buildings, officetwarehouse, office/showroom, light industrial, rest unams, retail, townhouses end streamed parking. The purpose of this Agreement is (i) to designate Ryan as a redevelopment coruuhant to the City and (it) for the City to negotiate exclusively with Ryan as hereinafter provided and (iii) to set forth the scope of services to be provided by Ryan and the actions to be undertaken by the City in the planning and the implementation of the redevelopment of the Redevelopment Property NOW, THEREFORE, in consideration of the premises and mutual obligation of the parties hereto, each of them does hereby covenant and agree with the other as follows: