HomeMy WebLinkAbout05-8616200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 05-86
A RESOLUTION APPROVING A CONTRACT FOR PRIVATE
DEVELOPMENT BETWEEN THE CITY OF PRIOR LAKE AND
ONSITE ENGINEERING AND FORENSIC SERVICES, INC.
MOTION BY: Zieska
SECOND BY: Fleming
WHEREAS, The City is currently administering Development District No. 4
("Development District") pursuant to Minnesota Statutes, Sections 469.124 to
469.134, all inclusive, as amended; and
WHEREAS, Among the activities to be assisted by the City in the Development
District is the subdivision and development of parcel number 25-428001-0 known
as the project site; and
WHEREAS, There has been presented before the Council a Contract for Private
development (the "Contract") between the City and Onsite Engineering and
Forensic Services, Inc. (the "Developer"), setting forth the terms and conditions of
development of the project site and the City's participation in that effort; and
WHEREAS, The Contract provides for certain financial assistance by the City that
constitutes a "business subsidy" exceeding $100,000 within the meaning of
Minnesota Statutes, Section 116J.993 to 116J.995 (the "Business Subsidy Act");
and
WHEREAS, The "business subsidy agreement" as required under the Business
Subsidy Act is included in the Contract, and the City has on this date conducted a
duly noticed public hearing regarding the business subsidy agreement at which all
interested persons were give an opportunity to be heard; and
WHEREAS, The Council has reviewed the Contract and finds that the Business
Subsidy Agreement is in the best interest of the City and its residents.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR
LAKE, MINNESOTA,
1. The recitals set forth above are incorporated herein.
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Phone 952.447.4230 / Fax 952.447.4245
2.
The Contract as presented to the City Council, including without limitation,
the Business Subsidy Agreement, is hereby in all respects approved, subject
to modifications that do not alter the substance of the transaction and that
are approved by the Mayor and City Manager, provided that execution of the
documents by such officials shall be conclusive evidence of approval.
3. The Mayor and City Manager are hereby authorized to execute on behalf of
the City any documents needed to carry out the Contract or the Business
Subsidy Agreement requiring execution by the City.
PASSED AND ADOPTED THIS 16th DAY OF MAY, 2005.
YES NO
Haugen Absent Haugen Absent
Flemin~l X Flemin~l
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
Frank Boy'l~s, dity Manager
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