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Home My WebLink About84-026' c <' ric�?l NHIPY '�rl�.. *:±:��'Iti?!+n -,ra,: +'. iJ_ M;' ;: A ` `S•`. Y �sy �J (� AGREEMENT THIS AGREEMENT, entered into as of this 22nd day of "' + actaber 1984, by and between the City of 'Prior � Lake, a municipal corporation in Scott County, Minnesota.' (Prior Lake) and the City of Richfield, a municipal corpo, ration in Hennepin County, Minnesota (Richfield): ' WITNESSETH: }` u" In consideration of the; mutual undertakings set forth, s: "herein, Prior Lake and Richfield agree as follows: t F This Agreement is entered into pursoant to the author ,d ity granted to Prior Lake and Richfier3 Tay" Minnesota. Statr n' uses, Section 471.59' Laws 1984,+ Chapter 582 (conic- Utively,>>Act). The purpose of this Agreement is to `enable Prior Lake =to "issue its "; industrial- d'evelopment,xevenue bonds „ , (Bonds) for an 'approved project or projects, pursuant ,to an .,, Allocation mao by the Act to Richfield as an' .entitlement issuer under the• -Act. , 2601. Richfield has received a finial certified silo- , .. cation as an entitlement issuer in the amount of $3, 06,074. Prior Lake is s °local issuer which expects to use its full entitlement in`` '198,. '0 ,�:dFl` MGPNP:`{li}N )..... ..a�i ��yyy - tf ivaN� 2.02. Prior Lake.,, wishes to issue .,its Bonds for a projector projects in the amount of ,at least $700,000. r 2.03. Richfield finds it is desirable to make avail- able to Prior Lake 'from. Richfield's allocation the sum of $700,000 3,01. In order to induce Richfield to enter) into this Agreement, Prior Lake represents and agrees as follows: , (a) Prior Lake has before it a proposal or J « proposals fora project requiring Bondq, in an amount of at least $700,000. (b) Prior Lake intends to .issue'Bonds: for said ; projector projects prior-to December 31, 1984; . (c) Prior Like will make available to Rich fieid� ' prior to October 31, 1984, a portion of " the deposit which was required by the Act in ord`r to obtain, the allocation, contemplated by this Agreement; T (d),, Prior ,Lake shall keimburie, indemnify "' hold harmless and defend Richfield, `its officials, employees and agents for all costs, expenses # damagzs.Y.and losses which, they may incur or for which they may be .n held liable"as a s'esult of transactions conteinplat_ e ed herein and hereby rel4ases Richfield, its :officials~ -' y employees and agents from-any claim Prior Lake =lay have arising out of the transactions contenipla ti harem. , 1 a (e)� .Prior Lake: will timely 1; .and ' Fromptly notify Richfield of all proceedings relating' td the approval of a pro or pro jects and the sauance� =of Bonds' therefor. � 4 0 3.02. In 'recognition of its- undertakings under this j, ✓; Agreement, Richfield represents and agrees as follows: (a) Richfield has or will promptly' and timely submit to ther Authority 'all documents; deposits and other papers necessary to carry out the transaction contemplated hereby; a r •F � . (b) Richfield represents that wit, has the . neces- , nary .amounts of uncommitted allocation to enable `xt to en'ter' into this Agreement (c) Richaeld will use its best efforte to ~ inform I Prior Lake of any, modification of `its allocation oroof Any other facts "corning to its attention which'ymay materially affect it's to carry out and give effect to the transa= mplited hereby X3..03. The City of agrees and covenants that, to the extent it does not need or use any entitlement ` allocation it max* receive f State of Minnesota for r r calendar year 3985; it w } %1 -give the City of Richfield the � "*4 t, right of first refus to use such entit]."en� 'allocations 4j or the unused portio thereof, donsisteo with applicable law then in effect. G _ h 3.:04. Rich , and . Prior-, ;represent to one a � a o anothi+r, agree, and certify under penalty of•perjury, that the allocation which is the•. "subject of this Agreement is not r made in consideration of ,say "bribe, gift, gratuity, or direct or indirect contribution to any political camp aign. ♦ 2i 4.01. " As used in 'this= Agre "ant the terms a (a") entitlement issuer, a : U (b) local k4suer, a g; (c) all eatfon, (d) bonds, and (e)' project have the meanings given there by the Act an4. by Minnesota ° Statutes, 'Chapter 474. The t tan "Authority" means the Minnesota Department"of and Economic Development. N IN WITNESS WHSRRSY, Prior Lake and "Richfield 'have`` } 'caused this Agreement to be executed by their 'respective t' - duly authorized officers as of the date first written above. U .: »rzp cox ,�.vs-'7«mz;rwr >... _. ,. •+ ..•eaz... -o., ..t .... _.r. �� .., -., - "a ` � ?��,._, n CITY G OF P IOR LAKE rti ,,�'' By s t 1 4 r,` Z M ar Ci ty Managor CITY Oi"R�CHPIZlpD I l � Mayor p cz BY l a y,, ' anaggr r . Ir .� n =: �s t� t �Y n l! � , � � e �' G }�4yw.:� .t. S'1, � ai•.,:+rYly Y . �� O - v n V __ .a �vn� a ..• ... iYa � �. e .. O W W YirtYYrT4`- �YWi4YYNA14 .'^_+. . .. -- ++n+t�.+.•ar n. a .�iv.`� Y � r s _ � � .a� CITY OF PRIOR LAKE V RESOLUTION 84-26 ; `MOTION BY: Schkeieh SECONrED BY: Scott A RESOLUTION PROVIDING FOR THE VACATION OF THE FaI wim DESCRIBED STRIP OF WA ERI RONT OF THE 'FLAT OF KNEAFSEY' S COVE ' z; WHEREAS: a petition for waterfront vacation has been duly presented to the ' City of Prior Lake'signed by a majority ,of the owners' of the property abutting on the following described property situated' in the City of Prior Lake, Scott County, Minnesota to wit: FMinni at the nortlm►est- corner of Lot: 2 of said plat; thence westerly a1mg the westerly exten sion 6f t he northe 1 ling of sa id Lgt 2. to the shoreline of Prior TAket thmm southerly al Mg sai shoreline to its i ntersect ion. wit t ' weav y extension - of the /South 1 i n G gf cA J a Lot I . - ,, then m eas i-4A-' al g said westerly xt s - y - - - —Y -�. y _e_ erLion to the outhwes corne of said Loot 2 ra t heme northerly y along the west line of said,Lot 2, to the of tagi n n� i n win-t . WHEREAS: notice of the hearing on said petition has been duly, published and posted in accordance with the applicable Minnesota Statutes; and WHEREAS: a public hearing was held on said petition orf Monday, November 19, 1984 at 8 :00 PM in the City Council Chambers at 4629 Dakota Street: c 5E,- Prior - Lake, Minnesota; and t WHEREAS: the City Council then proceeded to hear all persons interested in said petition and persons interested afforded the opportunity to' present their views an objections to the granting of said petition; and .. WHEREAS: the City Council has determined that the vacation of said property would be in the ,public interest. 4 NOW, M REEDREo BE IT RiMVED BY,THE CITY COUNCIL OF THE CITY OF PRIOR LAKE. MI'NN SOTA; that pursuant to Minnesota Statutes 512.851, ; the preceding described property situated in the 'City of Prior Lake, Scott Minnesota is hereby vacated. " (612) 447 -4230 462A DAKOTA .STREETr S.E. ' P.O. BOX 359= PRIOR LAKE, MINNESOTA 55372 a.