HomeMy WebLinkAbout11-118 Stemmer Ridge Amendment
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 11 - 118
A RESO LUTION APPROVING AMENDMENT NO. 6 TO THE STEMMER RIDGE
DEVELOPMENT CONTRACT
Motion By: Soukup Second By: Erickson
WHEREAS, On June 6, 2005, the Prior Lake City Council approved the Development Contract for
Stemmer Ridge with A rcon Development; and
WHEREAS, On August 1, 2005, the City of Prior Lake approved the assignment of the
Development Contract to Toll Brothers, Inc. from Arcon Development; and
WHEREAS, Toll Brothers has completed the improvements in accordance with t he Development
Contract with the exception of Phase 2; and
WHEREAS, Toll Brothers has provided the City with a separate Letter of Credit for Phase 2; and
WHEREAS, The Developer has requested an extension for the completion of the Phase 2
improvements o f one year to December 31, 201 2 .
NOW THEREFORE , BE IT HEREBY RESOLVE D BY THE CITY COUNCI L OF PRIOR LAKE, MIN NESOTA as
follows:
1. The recitals set forth above are incorporated herein.
2. The Mayor and City Manager are authorized to execute on the City’s beh alf Amendmen t No. 6 to the
Development Contract for Stemmer Ridge.
PASSED AND ADOPTED THIS 3 DAY OF OCTOBER 201 1 .
rd
YES NO
Myser X Myser
Erickson X Erickson
Hedberg Absent Hedberg
Keeney X Keeney
Soukup X Soukup
____________ __________________
Frank Boyles, City Manager
Phone 952.447. 9800 / Fax 952.44 7 . 4245 / www.cityofpriorlake.com