EDA Resolution 07-EDA-231 - Laserfiche WebLink

Home Browse Search

CITY OF MOUNDS VIEW MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION 7048 RESOLUTION N0.07-EDA-231 JOINT CITY OF MOUNDS VIEW AND MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION CONSENTING TO A NINETY DAY EXTENSION FOR THE TIME PERIOD TO REMOVE TWO BILLBOARDS WHEREAS, the City of Mounds View ("the City"), the Mounds View Economic Development Authority ("EDA"), Clear Channel Outdoor, Inc. ("Clear Channel") and Medtronic, Inc. ("Medtronic") have entered into agreements entitled the Acquisition and Relocation Agreement ("the Agreement") and the Amended and Restated Contract for Private Redevelopment ("the Contract") concerning the removal and possible relocation of four (4) billboards that are or were located on property previously owned by the City and now owned by Medtronic (the "Property"); and WHEREAS, pursuant to the Agreement and the Contract, two billboards were required to be removed and potentially relocated by March 31, 2006, which has already occurred; and two additional billboards are scheduled to be removed no later than March 31, 2007, and thereafter potentially relocated; and WHEREAS, Medtronic and Clear Channel have requested that the City and EDA consent to an extension for the removal of the two (2) billboards required to be removed from the Property by March 31, 2007, because Medtronic and Clear Channel are presently negotiating a final resolution as to all billboard issues set forth in the Agreement and the Contract; and WHEREAS, within the requested extension, Medtronic and Clear Channel intend to provide the City and EDA with a "global settlement agreement" which hopes to bring a final resolution to all billboard issues related to the Agreement and the Contract; and WHEREAS, the City and EDA desire to finalize all billboard issues related to the Agreement and Contract; and WHEREAS, the City and EDA desire to consent to a ninety (90) day extension for the removal of the two (2) billboards from the Property set for March 31, 2007, as referenced in the Agreement and the Contract. NOW, THEREFORE, BE IT RESOLVED by the City Council ("Council") of the City of Mounds View and the Board of Commissioners of the Mounds View Economic Development Authority ("Authority"), as follows: 1. The Council and the Authority hereby approve and consent to extending the date for removal of the two billboards required to be removed from the Property by March 31, 2007, for a period of ninety days, until June 29, 2007. 308303v2 SJR MU205-30 A-1