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HomeMy WebLinkAboutResolution 7869 RESOLUTION NO. 7869 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION APPROVING THE RELEASE OF DEVELOPMENT AGREEMENT NO. 03-126B BETWEEN THE CITY OF MOUNDS VIEW AND MOUNDSVIEW JAKE'S, INCORPORATED WHEREAS,the City Council approved Resolution 5825 on August 26, 2002, approving a Development Review for Jake's Sport's Cafe to expand their operations at 2400 County Highway 10; and, WHEREAS, Resolution 5825 stipulates that Rob Jacob and Tony Jacob (owners and operators of the Jake's Sport's Cafe, the "Developer") enter into a Development Agreement with the City to ensure the orderly development of the Property; and, WHEREAS, the City Council approved Resolution 5851 on September 23, 2002, approving a Development Agreement with Moundsview Jake's, Incorporated; and, WHEREAS,the Development Agreement was signed by the City and the Developer on December 30, 2002 and recorded with the County of Ramsey Recorder on January 20, 2004 as document No. 3720617; and, WHEREAS, the parking lot construction and requirements of Development Agreement No. 03-126B have been completed to the City's satisfaction; and, WHEREAS, the property is being sold and the buyer has requested that the City approve the official release of Development Agreement No. 03-12613. NOW THEREFORE BE IT RESOLVED that the Mounds View City Council approves the release of Development Agreement No. 03-1268 between the City of Mounds View and Moundsview Jake's, Incorporated. Adopted this 12th day of December, 2011 e Fla y, ATTEST: -1 aA-Y�-� James Ericson, City Administrator (SEAL)