HomeMy WebLinkAboutResolution 98-EDA94
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RESOLUTION NO. 98-EDA-94
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING AN EXTENSION TO THE REQUIRED COMPLETION DATE FOR
THE REQUIRED CONSTRUCTION OF A SINGLE FAMILY HOME AT 8265 SPRING LAKE
ROAD BY PREFERRED BUILDERS, INC.
WHEREAS, On January 30, 1998, the EDA sold the property located at 8265 Spring Lake Road
through the Housing Replacement Program to Preferred Builders, Inc. subject to the construction of a 1900
square foot single family home; and
WHEREAS, the Purchase and Redevelopment Agreement between the EDA and Preferred Builders,
Inc. required the construction of a single family home to be completed by July 5, 1998, subject to Unavoidable
Delays including adverse weather and delays by the local government authority; and
WHEREAS, the City of Mounds View created a delay to the construction of the home due to an error
in the Purchase and Redevelopment Agreement pertaining to the vacation of easements which required
corrections on behalf of the city; and
WHEREAS, the developer has indicated that in recent months the number of destructive storms have
set back construction schedules for the builder as well as other contractors which has delayed efforts to
complete construction of the home; and
WHEREAS, Preferred Builders, Inc. has obtained a building permit and has prepared the subject site
for construction and has indicated construction will begin on or before July 15, 1998, and will be completed
within 90 days.
NOW THEREFORE, BE IT RESOLVED, that the Economic Development Authority of the City of
Mounds View hereby recommends an extension to the completion date for the construction of a single family
home located at 8265 Spring Lake Road as required by the Purchase and Redevelopment Agreement between
the Mounds View Economic Development Authority and Preferred Builders, Inc.
Adopted this 13th day of July, 1998.
resident
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