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rM <br />M E T R O P O i$IS ",Ih kv bnd. S1 YauR Minvloll 551141 'D AI2/U2. f0a M M I) S Q <br />May 11, 1986 <br />i I <br />Mr. Steven N. Thatcher, P.E. ,'IwJj2, j <br />Director of Public Works/Cos=mrnity Development <br />city of Mounds View G���l, !.S. <br />2401 Highway 10 <br />Mounds View, MN 55112 <br />P.e: Development Agreement 86-75 <br />for MTC Park -Ride Facility <br />Dear Mr. Thatcher: <br />I and other MTC personnel have reviewed the development agreement you <br />forwarded to me for review and execution. It appears that the agreement <br />was originally intended to Le executed by I-.rivate devolmpers in order to <br />es <br />protect the City from having to assume responsibility for restoring <br />if a developer wereWto go out of <br />Beforent the <br />dntsomewhato <br />such an agreement, sgg9 t that <br />the <br />In particular, we suggest the following: <br />1) Item S should be deleted in. its entirety. <br />liability taxes. <br />is <br />exempt from taxes ancanro_ a <br />2) Item 9 is unclear to us. Please describe its intent or <br />delete it. <br />)) Regarding item 10, Mn/DOT will continue to own the land; <br />therefore, this item should be deleted. <br />4) In item 12, we cannot agree to the Pa}'Invent of acy fees, <br />not kiwwing their extent. <br />5) Item 14 should be deleted in its entirety. <br />6) Fxhibit 2A, item 4, contains language committing the MTC <br />to the payment of unknown quantities of money. Again, <br />we cannot agree to such a situation. <br />7) Regarding Exhibit 2A, item 6, I investigated the site <br />personnally after receipt of the development agreement. <br />Just across the street is located a restaurant which is <br />open during the hours which span the hours of bus operations. <br />Adjacent to the restaurant is a gas station which is open <br />