HomeMy WebLinkAbout00-63 RESOLUTION 00-63
AUTHORIZING THE RELEASE OF A DEVELOPMENT AGREEMENT
BY AND BETWEEN THE EDA AND ENIVlD REALTY CORPORATION
DATED APRIL 2, 1990
Motion By: GUNDLACH Second By: PETERSEN
Whereas, the City, through its City Council and Economic Development Authority, entered into a
development agreement dated April 2, 1990; and
Whereas, the development agreement contemplated the construction of a grocery store; and
Whereas, the development agreement is no longer applicable since the original grocery store
project is no longer viable; and
Whereas, the U.S. Postal Service is now proposing to acquire this property for the construction of a
20,000 square foot building; and
Whereas, the U.S. Postal Service has requested that as a housekeeping matter the City release
the development agreement.
Now Therefore, be it hereby resolved by the Prior Lake City Council that the Mayor and City Manager
are hereby authorized to enter into an agreement to release the City and Enivid Realty Corporation
from any obligations created by the agreement dated April 2, 1990 (Documents #269322 and
#293225).
Passed and adopted this 7*h day of August, 2000.
YES NO
Mader X Mader
Ericson X Ericson
Gundlach X Gundlach
Petersen X Petersen
vacant vacant
Frank F. y~ Ci~ Manager
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER