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<br />. <br /> <br />RESOLUTION NO. 4608 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION AUTHORIZING THE RELEASE OF LAND FROM CONTRACT <br />FOR PRIVATE REDEVELOPMENT BETWEEN THE CITY AND EVEREST DEVELOPMENT, LTD. <br /> <br />WHEREAS, the City entered into a Contract for Private Redevelopment, <br />dated January 11, 1988 with Everest Development, Ltd.; and <br /> <br />WHEREAS, the City entered into a First Supplement to the Contract for <br />Private Redevelopment dated November 15, 1989 which identified six improved <br />parcels located with the Redevelopment Property; and <br /> <br />WHEREAS, Everest Development, Ltd. has requested that the city release <br />a portion of the previously platted Outlots A and B, Mounds View Business <br />Park, replatted as Lot 1, Block 1, Mounds View Business Park East Addition <br />from the terms, convenants, conditions, restrictions and provisions of the <br />Contract for Private Redevelopment and the Quit Claim Deed, dated December <br />12, 1988; and <br /> <br />WHEREAS, Everest Development, Ltd., has provided the City with a <br />.ELEASE OF LAN. D FROM CONTRACT FOR PRIVATE REDEVELOPMENT, attached hereto as <br />ttachment A; and <br /> <br />WHEREAS, the release of the land is requested because some of the <br />properties would be involved in the platted lot upon which the C. G. Hill <br />project is to be constructed. <br /> <br />NOW, THEREFORE, BE IT RESOLVED THAT the city Council in and for the <br />city of Mounds View does hereby authorize the release of property described <br />as Outlots A and B, Mounds View Business Park and authorizes the Mayor and <br />Clerk~Administrator to execute the RELEASE OF LAND FROM CONTRACT FOR <br />PRIVATE REDEVELOPMENT, attached hereto as Attachment A. <br /> <br />( SEAL) <br /> <br /> <br />1994. <br /> <br />ATTEST: <br /> <br />. <br />