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CITY OF LINO LAKES <br />RESOLUTION NO. 24-139 <br />APPROVING 15T AMENDMENT TO PURCHASE AGREEMENT WITH JAVA <br />COMPANIES <br />WHEREAS, on September 11, 2023, the City Council approved Ordinance No. 09-23 <br />approving the sale of Lot 12 and Lot 13 Carole Estates 2nd Addition and Part of Lot 4, Auditor's <br />Subdivision No. 134; and <br />WHEREAS, the purchase agreement provided for a closing date within 180 days of the <br />execution of the agreement with a provision to extend the agreement up to four times by sixty <br />days each; and <br />WHEREAS, Java has made continued progress on site development and submitted a land <br />use application for municipal Rezoning, Preliminary Plat, Conditional Use Permit, and Site and <br />Building Plan approvals; and <br />WHEREAS, additional time is necessary to complete the approval process prior to closing <br />and the developer has requested agreement on the timeline for public roadway improvements. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that the <br />1st Amendment to the Purchase Agreement with Java Companies, is hereby approved and the <br />Mayor and City Clerk are hereby authorized to execute the agreement on behalf of the City. <br />Adopted by the City Council of the City of Lino Lakes this 14th day of October 2024. <br />Rob Rafferty, Mayor <br />ATTEST: <br />Roberta Colotti, CIVIC, City Clerk <br />