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2 <br />442350v2 MU210-189 <br /> <br /> <br />EDA RESOLUTION 14-EDA-285 <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION <br />APPROVING AN AMENDED AND RESTATED LIMITED USE AGREEMENT <br />WITH SENIOR PROPERTIES OF MOUNDS VIEW TO USE EDA <br />PROPERTY AS A CONSTRUCTION STAGING AREA <br /> <br />WHEREAS, the City Council of the City of Mounds View (the “City”) has approved various <br />resolutions in support of a senior living residential development (the “Project”) identified as Senior <br />Properties of Mounds View (hereinafter referred to as “Coventry”); and, <br />WHEREAS, the Mounds View Economic Development Authority, a public body corporate <br />and politic (the “EDA”) is the owner of vacant property in the City of Mounds View, County of <br />Ramsey, which is located at: 2390 Highway 10 NE (the “Property”); and <br /> <br />WHEREAS, Coventry previously requested to temporarily use the Property as a construction <br />staging area for the Project, with the area of the Property to be used by Coventry being depicted on <br />Exhibit B (the “Limited Use Area”) attached to the Agreement as hereinafter defined; and <br />WHEREAS, the Property is presently vacant and unutilized; and, <br />WHEREAS, the EDA previously adopted a Limited Use Agreement dated September 1, <br />2012, to allow Coventry’s use of the EDA’s Property for construction staging purposes, subject to <br />various conditions and compensations set forth in the September 1, 2012, Limited Use Agreement; <br />and <br />WHEREAS, Coventry has requested that the limited use permitted under the September 1, <br />2012 Limited Use Agreement be expanded to include access across the Property, among other uses; and <br />WHEREAS, the EDA is willing to allow Coventry to use the Limited Use Area subject to <br />Coventry entering into an Amended and Restated Limited Use Agreement (the “Agreement”); and <br />WHEREAS, the Agreement has been prepared to allow Coventry’s expanded limited use of <br />the EDA’s Property for construction staging purposes, including the expanded use of access across <br />the Property, subject to various conditions and compensations set forth in the Agreement, which is <br />attached hereto at Exhibit A and incorporated herein by reference; and <br />WHEREAS, the September 1, 2012, Limited Use Agreement is superseded and replaced by <br />the Amended and Restated Limited Use Agreement as adopted herein; and <br />