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Resolution 5335
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Resolution 5335
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Last modified
6/25/2019 10:15:12 AM
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2/1/2007 4:47:01 PM
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MV City Council
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<br />~ <br /> <br />. <br /> <br />. <br /> <br />~ <br /> <br />RESOLUTION NO. S~ 35 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />ST A TE OF MINNESOTA <br /> <br />RESOLUTION APPROVING A DEVELOPERS AGREEMENT FOR LOTS 1,2 AND 3, <br />BLOCK 1, SILVERVIEW ESTATES; AND A DEVELOPERS AGREEMENT AND <br />RELEASE OF LAND FROM DEVELOPERS AGREEMENT FOR LOT 4, BLOCK 1, <br />SILVERVIEW ESTATES <br /> <br />WHEREAS, Silverview Estates, Inc., Five D Limited and Realife Cooperative of <br />Mounds View (collectively the "Developer"), have requested revision of the Developers <br />Agreement entered into between the Developer and the City dated April 20, 1998, and amended <br />by that certain document entitled "First Amendment to the Developers Agreement" dated <br />February 15, 1999; <br /> <br />WHEREAS, the Developer, Realife Cooperative of Mounds View, requires certain <br />revisions to the Developers Agreement to permit financing of its project which is to take place on <br />Lot 4, Block 1, Silverview Estates; and <br /> <br />WHEREAS, numerous provisions of the existing Developers Agreement between <br />Realife Cooperative of Mounds View and the City are not applicable to Lot 4, but such <br />provisions are applicable to Lot 1, Lot 2 and Lot 3 of Block I of Silverview Estates; and <br /> <br />WHEREAS, Realife Cooperative of Mounds View desires to enter into a separate <br />Developers Agreement with the City for Lot 4, Block 1, Silverview Estates; and <br /> <br />WHEREAS, Silverview Estates, Inc., and Five D Limited desire to reaffirm the original <br />Developers Agreement signed between the City and Silverview Estates, Inc. and Five D Limited <br />on April 20, 1998, but which such agreement was modified by the substitution of Realife <br />Cooperative of Mounds View for the parties of Silverview Estates Inc. and Five D Limited and <br />which such Developers Agreement should now be amended to include the original parties of <br />Silverview Estates Inc. and Five D Limited as Developer; and <br /> <br />WHEREAS, the parties desire that Lot 4, Block 1, Silverview Estates be released from <br />the original Developers Agreement dated April 20, 1998, which was modified by the First <br />Amendment to Developers Agreement, dated February 15, 1999; and <br /> <br />WHEREAS, such desired modifications to the Silverview Estates PUD Project and the <br />required Developers Agreement can be accomplished through the following actions: <br /> <br />1. <br /> <br />Deletion in its entirety of the First Amendment to Developers Agreement dated <br />February 15, 1999; and <br />
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