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RESOLUTION NO. 7869 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING THE RELEASE OF <br />DEVELOPMENT AGREEMENT NO. 03-126B BETWEEN THE <br />CITY OF MOUNDS VIEW AND MOUNDSVIEW JAKE’S, INCORPORATED <br /> <br /> WHEREAS, the City Council approved Resolution 5825 on August 26, 2002, <br />approving a Development Review for Jake’s Sport’s Café to expand their operations at <br />2400 County Highway 10; and, <br /> <br />WHEREAS, Resolution 5825 stipulates that Rob Jacob and Tony Jacob (owners <br />and operators of the Jake’s Sport’s Café, the “Developer”) enter into a Development <br />Agreement with the City to ensure the orderly development of the Property; and, <br /> <br /> WHEREAS, the City Council approved Resolution 5851 on September 23, 2002, <br />approving a Development Agreement with Moundsview Jake’s, Incorporated; and, <br /> <br /> WHEREAS, the Development Agreement was signed by the City and the Developer <br />on December 30, 2002 and recorded with the County of Ramsey Recorder on January 20, <br />2004 as document No. 3720617; and, <br /> <br /> WHEREAS, the parking lot construction and requirements of Development <br />Agreement No. 03-126B have been completed to the City’s satisfaction; and, <br /> <br /> WHEREAS, the property is being sold and the buyer has requested that the City <br />approve the official release of Development Agreement No. 03-126B. <br /> <br /> NOW THEREFORE BE IT RESOLVED that the Mounds View City Council approves <br />the release of Development Agreement No. 03-126B between the City of Mounds View and <br />Moundsview Jake’s, Incorporated. <br /> <br />Adopted this 12th day of December, 2011 <br /> <br /> _________________________________ <br /> Joe Flaherty, Mayor <br /> <br />ATTEST: <br /> __________________________________ <br /> James Ericson, City Administrator <br /> <br />(SEAL) <br />