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RESOLUTION NO. 8837 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION APPROVING CONSENT TO A NEW MANAGEMENT AGREEMENT BETWEEN <br />PRIVATE PARTIES FOR THE OPERATION OF THE SILVER LAKE COMMONS PROPERTY <br />WHEREAS, the city of Mounds View ("City") previously entered into a development agreement for real <br />property located within the City, dated December 21", 1998 (the "Agreement"); and <br />WHEREAS, the property known as Silver Lakes Commons is being purchased by a private buyer, who <br />will enter into a management agreement with another entity to be responsible for operating and maintaining the <br />premises; and <br />WHEREAS, the City does not play a role with respect to such operation and maintenance, but is <br />required to review and consent to the Management Agreement; and <br />WHEREAS, the City's consent to the Management Agreement shall not be interpreted as obligating the <br />City to undertake any action with respect to the ownership, operation, or maintenance of the Property; and <br />WHEREAS, the Partnership has requested that the City acknowledge and consent to the management <br />agreement attached hereto as Exhibit A. <br />NOW, THEREFORE, BE IT RESOLVED, that the City does hereby acknowledge and consent to the <br />attached management agreement. Nothing herein shall be interpreted or construed to alter, substitute, or abrogate <br />any duty, obligation, or benefit belonging to any party under the Agreement or any amendment thereto. The sole <br />purpose and scope of the City's acknowledgement and consent is to the change in the management agreement, <br />and therefore the City's approval shall have no relationship to any substantive term of the Agreement, or any <br />amendment thereto. <br />NOW, THEREFORE, BE IT FINALLY RESOLVED THAT, the City Administrator, Mayor, and <br />City's attorneys are hereby authorized and directed to take any and all additional steps and actions necessary or <br />convenient to file or record the appropriate documents to facilitate the directives of the City Council as provided <br />herein in order to accomplish the intent of this Resolution. <br />Adopted by the City Council of the City of Mounds View this 91 day of October, 2017. <br />CITY OF MOUNDS VIEW <br />ZIAW <br />Carol A. Mueller, Mayor <br />9-'J <br />Nyl ikmu , Interim City Administrator <br />