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HomeMy WebLinkAbout08-073 Development Contract CJF Holdings ;~~:~ (t /-'/ ",s- \ 4646 Dakota Street S.E. I U I' . ~! Prior Lake, MN 55372-1714 \ \~.... / h1) ~SOTIffiON08~073 '~Uif~c(RIZING EXECUTION OF A DEVELOPMENT CONTRACT WITH CJF HOLDINGS LLC Motion By: Erickson Second By: Hedberg WHEREAS, The City of Prior Lake has approved a site plan for the future Performance Commercial site on the property legally described as follows: That part of the East Three-Fourths of the Southeast Quarter of Section 1, Township 114, Range 22, Scott County, Minnesota described as follows: Commencing at the southeast corner of said Section 1; thence on an assumed bearing of North 01 degrees 21 minutes 00 seconds West along the east line of said Section 1, a distance of 1251.72 feet; thence South 88 degrees 39 minutes 00 seconds West a distance of 1875.73 feet; thence South 86 degrees 11 minutes 30 seconds West a distance of 84.66 feet to the east line of the west 30.00 feet of said East Three-Fourths of the Southeast Quarter; thence North 86 degrees 11 minutes 30 seconds East a distance of 514.66 feet; thence bearing South a distance of 704.31 feet to the centerline of County State Aid Highway No. 12; thence South 63 degrees 37 minutes 56 seconds East along said centerline a distance of 73.66 feet; thence bearing North a distance of 412.00 feet; thence bearing East a distance of 670.15 feet to the point of beginning of the land to be described; thence bearing North a distance of 224.00 feet; thence bearing East a distance of 273.86 feet; thence bearing South a distance of 604.00 feet; thence bearing West a distance of 280.00 feet; thence bearing North a distance of 105.45 feet; thence along a tangential curve, concave to the east, having a radius of 491.08 feet, a central angle of 15 degrees 00 minutes 00 seconds, an arc length of 128.57 feet; thence along a reverse curve concave to the west, having a radius of 569.68 feet, a central angle of 15 degrees 00 minutes 00 seconds, an arc length of 149.15 feet more or less to the intersection with a line bearing East from the point of beginning; thence bearing West a distance of 30.00 feet to the point of beginning. EXCEPTING THEREFROM the following described property: That part of the East Three-Fourths of the Southeast Quarter of Section 1, Township 114, Range 22, Scott County, Minnesota, described as follows: Commencing at the southeast corner of said Section 1; thence on an assumed bearing of North 01 degrees 21 minutes 00 seconds West along the east line of said Section 1, a distance of 1251.72 feet; thence South 88 degrees 39 minutes 00 seconds West a distance of 1875.73 feet; thence South 86 degrees 11 minutes 30 seconds West a distance of 84.66 feet to the east line of the west 30.00 feet of said East Three-Fourths of the Southeast Quarter; thence North 86 degrees 11 minutes 30 seconds East a distance of 514.66 feet; thence bearing South a distance of 704.31 feet to the centerline of County State Aid Highway No. 12; thence South 63 degrees 37 minutes 56 seconds East along said centerline a distance of 73.66 feet; thence bearing North a distance of 412.00 feet; thence bearing East a distance of 944.00 feet; thence south a distance of 320.00 feet to the point of beginning of the land to be described; thence continuing South a distance of 60.00 feet; thence West a distance of 250.00 feet; thence North a distance of 60.00 feet; thence East a distance of 250.00 feet to the point of beginning. Together with a nonexclusive easement for roadway over and across that part of the East Three-Fourths of the Southeast Quarter of Section 1, Township 114, Range 22, Scott County, Minnesota, described as follows: www.cityofpriorlake.com MICOUNCIL\RESOLUTI12008\08-073 DeveloPf'fu~g~t~g2~~~1!~800 / Fax 952.447.4245 A strip of land 60.00 feet in width the centerline of which is described as follows: Commencing at the southeast corner of said Section 1; thence on an assumed bearing of North 01 degrees 21 minutes 00 seconds West along the east line of said Section 1, a distance of 1251.72 feet; thence South 88 degrees 39 minutes 00 seconds West a distance of 1875.73 feet; thence South 86 degrees 11 minutes 30 seconds West a distance of 84.66 feet to the east line of the west 30.00 feet of said East Three-Fourths of the Southeast Quarter; thence North 86 degrees 11 minutes 30 seconds East a distance of 514.66 feet; thence South a distance of 704.31 feet to the centerline of County State Aid Highway No. 12; thence South 63 degrees 37 minutes 56 seconds East along said centerline a distance of 73.66 feet; thence North a distance of 412.00 feet; thence East a distance of 700.15 feet to a point hereinafter referred to as point "A", the point of beginning of the line to be described; thence North a distance of 325.00 feet; thence along a tangential curve concave to the west having a radius of 455.74 feet, a central angle of 15 degrees 00 minutes 00 seconds, an arc length of 119.31 feet; thence along a reverse curve concave to the east having a radius of 424.68 feet, a central angle of 15 degrees 00 minutes 00 seconds, an arc length of 111.13 feet; thence North tangent to said last described curve a distance of 304.03 feet and there terminating. Together with a strip of land 60.00 feet in width the centerline of which is described as follows: Beginning at the above reference point "A"; thence southerly along a tangential curve concave to the west having a radius of 569.68 feet, a central angle of 15 degrees 00 minutes 00 seconds, a chord bearing of South 07 degrees 30 minutes 00 seconds West, an arc length of 149.14 feet; thence along a reverse curve concave to the east having a radius of 491.09 feet, a central angle of 15 degrees 00 minutes 00 seconds, an arc length of 128.57 feet; thence South tangent to said last described curve a distance of 466.51 feet more or less to the centerline of County State Aid Road No. 12, and there terminating. and WHEREAS, The City is entering into a Development Contract with the Developer to facilitate the extension of the sewer and water utilities to this site. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 2. That the City Manager and Mayor are hereby authorized to execute the Development Agreement. PASSED AND ADOPTED THIS 19TH DAY OF MAY, 2008. YES NO Haugen X Haugen Hedberg X Hedberg Erickson X Erickson leMair Abstain leMair Millar X Millar M:ICOUNCILIRESOLUTI\2008108-073 Development Contract CJF Holdings.doc