HomeMy WebLinkAbout05-9916200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 05-99
A RESOLUTION AUTHORIZING THE CITY ATTORNEY TO NEGOTIATE A DEVELOPMENT
AGREEMENT FOR THE SALE AND DEVELOPMENT OF AN APPROXIMATE .88-ACRE PARCEL
AT THE INTERSECTION OF PARK NICOLLET AVENUE AND FRANKLIN TRAIL
Motion By: Zieska Second By: Petersen
WHEREAS,
The City of Prior Lake is the owner of an approximate .88-acre parcel at the intersection of Park
Nicollet Avenue and Franklin Trail (Park Nicollet property); and
WHEREAS, The property is excess to the City's needs; and
WHEREAS,
On May 2, 2005, the City Council authorized the staff to prepared requests for proposal and
notice of bid in the City's official newspaper; and
WHEREAS,
One proposal was received by 4:30 p.m., May 27, 2005, submitted by Dan O'Keefe on behalf of
a proposed LLC in the amount of $204,000, which was the minimum bid amount; and
WHEREAS,
The O'Keefe bid was subject to two conditions and proposed the $15,000 security deposit as a
retainer; and
WHEREAS, Barring exigent circumstances the City is required to award to the highest bidder.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
.
The recitals set forth above are incorporated herein.
The bid of Dan O'Keefe in the amount of $204,000 for the Park Nicollet property is hereby accepted
subject to the following:
a) conformance with all aspects of the RFP and proposal including execution of a development agreement
satisfactory to the City Attorney within the time frame set forth in the proposal.
b) Removal of site size and site clean-up questions within 60 days of the date of this resolution at the
proposer's cost.
c) Clarification that the $15,000 cashier check is a security deposit to be returned under either of the
following conditions:
· after the 60-day site contingency period the proposer elects not to proceed and notifies the City in
writing as such within ten (10) days, or
· if any balance is available and unused for enforcement prior to the issuance of a permanent
certificate of occupancy.
PASSED AND ADOPTED THIS 6th DAY OF JUNE, 2005.
YES NO
Haugen X Haugen
Fleming X Fleming
LeMair Absent LeMair
Petersen X Petersen
Zieska × Zieska
Frank I~ ,,~,~y .~anager
R:",,RESOLUTI'C. DMINRES',.2005",,05-99 ~¢ale of P;~rk Nicr, w~,~w~¢,i~,..~.~riorlake.com
Phone 952.447.4230 / Fax 952.447.4245