HomeMy WebLinkAbout2006-196 Council Resolution•
Mayor Bergeson introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 06 -196
RESOLUTION APPROVING RELEASE OF OBLIGATIONS UNDER
CONTRACT FOR SUBDIVISION/PLANNED UNIT DEVELOPMENT
BETWEEN THE CITY OF LINO LAKES AND HARTFORD DEVELOPMENT,
INC.
BE IT RESOLVED By the City Council ( "Council ") of the City of Lino Lakes, Minnesota
( "City ") as follows:
Section 1. Recitals.
1.02. The City and Hartford Development, Inc. (the "Developer ") entered into a into a
Contract for Subdivision/Planned Unit Development dated December 21, 2004, and amended on
September 13, 2005, (the "Subdivision Contract "), setting forth the terms and conditions of
redevelopment of certain property referred to generally as the Legacy at Woods Edge Project.
1.02. The Developer and Legacy Holdings -LL, LLC (the "Development Property Owner ")
have determined to convey one of the parcels subject to the Subdivision Contract to LLAH Limited
Partnership (the "Successor Developer ").
1.03. In connection with that conveyance, Developer seeks to be released from its
obligations under the Subdivision Contract, subject to certain terms.
1.04. The Council has reviewed a Release of Obligations under Contract for
Subdivision/Planned Unit Development, LLAH Limited Partnership, between the City, the
Developer and the Successor Developer (the "Release ") and finds that the execution thereof is in the
best interest of the City and its residents.
Section 2. City Approval; Further Proceedings.
2.01. The Release as presented to the Council is hereby in all respects approved, subject to
modifications that do not alter the substance of the transaction and that are approved by the Mayor
and City Administrator, provided that execution of the documents by such officials shall be
conclusive evidence of approval.
2.02. The Mayor and City Administrator are hereby authorized to execute on behalf of the
City the Release and any documents referenced therein requiring execution by the Authority, and to
carry out, on behalf of the City its obligations thereunder.
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Approved by the City Council of the City of Lino Lakes, Minnesota this 18th of December,
2006.
ATTEST:
The motion for the adoption of the foregoing resolution was duly seconded
by. Council Member O'Donnell and upon vote being taken thereon, the following
voted in fabor thereof: Bergeson, O'Donnell, Carlson, Reinert, Stoltz
The following voted against same: none
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