2016-095 Council Resolution - Laserfiche WebLink

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CITY OF LINO LAKES RESOLUTION NO. 16-95 APPROVING LAND ACQUISITION FROM COMCAST CCH SUBSIDIARY HOLDINGS, INC., WHEREAS, the City and Dupont Holdings, LLP ("Developer) entered into a Development Agreement and Planned Unit Development Agreement dated May 6, 2016, for the Saddle Club Second Addition; and WHEREAS, a condition of the Development Agreement is that the Developer, is required to construct Fox Road and extend utilities through the abutting property (a/k/a the Comcast Property) legally described as: The South 550.00 feet of the East 330.00 feet of the Southwest Quarter of the Southwest Quarter of Section 28, Township 31, Range 22, Anoka County, Minnesota. ; and WHEREAS, the City and Developer entered into a Land Acquisition Escrow Agreement providing for the City's acquisition of the Comcast parcel; and WHEREAS, the City has reached an agreement with Comcast CCH Subsidiary Holdings, Inc., to acquire the land for the making of said improvements. NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes: The city council of the City approves the sale of the property to Comcast CCH Subsidiary Holdings, Inc. The mayor and city clerk are hereby authorized and directed to execute a purchase agreement and other documents as may be necessary in order to purchase the Property. Adopted by the Council of the City of Lino Lakes this 22nd day of August, 2016. The motion for the adoption of the foregoing resolution was introduced by Council Member Rafferty and was duly seconded by Council Member Manthey and upon vote being taken thereon, the following voted in favor thereof: Rafferty, Manthey, Maher, Kusterman, Reine The following voted against same: none AT 1'FST: Julia ' e Bartell, City 1 lerk Jeff Reinert, ayor