02-13-2019 Council Packet - Laserfiche WebLink

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1 DEVELOPMENT AGREEMENT THIS AGREEMENT made this _____ day of February, 2019, is by and between the City of Little Canada, whose primary address is 515 Little Canada Road East, Little Canada, Minnesota 55117, a municipal corporation organized under the laws of the State of Minnesota, (the “City”), and AFSA Building Company, a Minnesota Non-Profit Corporation, whose primary address is 100 Vadnais Blvd.; Vadnais Heights, MN 55127 (“AFSA”). WITNESSETH: RECITALS WHEREAS, AFSA is the owner of real property located at 2925 Country Drive, City of Little Canada, County of Ramsey, State of Minnesota, legally described as follows to wit: See Attached Exhibit A (“Property”); and WHEREAS, the City Council by resolution has terminated a pre-existing Development Agreement encumbering the Property, which agreement was between the City and RAB, LLC dated July 21, 1999 (as amended), contingent on the execution of this Agreement WHEREAS, the Property was previously used as an office building, and is being converted to a charter school use for grades pre-k through 8; and WHEREAS, Resolution 2018-10-207 approved an amendment to Ordinance 833 for the purpose of establishing a special PUD District G which would allow charter school, office and office warehouse uses at the Property; and WHEREAS, Minnesota Statute § 462.358 authorizes the City to enter into a Development Agreement; and NOW THEREFORE, in consideration of the premises and the mutual obligations of the parties hereto, each of them does hereby covenant and agree with the other as follows: ARTICLE I Definitions Section 1.1. Definitions. In this Agreement, unless a different meaning clearly appears from the context: "Agreement" means this Development Agreement, as the same may be from time to time modified, amended or supplemented.