HomeMy WebLinkAbout05-10016200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 05-100
A RESOLUTION AUTHORIZING THE CITY A'I-I'ORNEY TO NEGOTIATE A DEVELOPMENT
AGREEMENT FOR THE SALE AND DEVELOPMENT OF AN APPROXIMATE 49' x 145' PARCEL
AT MAIN AVENUE AND HASTINGS STREET
Motion By: Zieska Second By: Fleming
WHEREAS,
The City of Prior Lake is the owner of an approximate 49' X 145' parcel at Main Avenue
and Hastings Street (Hastings 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,
Two proposals were received by 4:30 p.m., May 27, 2005, (minimum bid $128,000) as
follows:
· Rock Creek Design and Builders - $200,000 and subject to zero contingencies
· IVEX - $128,000 subject to four contingencies; 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:
1. The recitals set forth above are incorporated herein.
2. The bid of Rock Creek Design and Builders in the amount of $200,000 for the Hastings 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.
3. The $15,000 security deposit submitted by IVEX is to be returned forthwith.
PASSED AND ADOPTED THIS 6th DAY OF JUNE, 2005.
YES NO
Haugen X Haugen
Fleming X Fleming
LeMair Absent LeMair
Petersen X Petersen
Zieska X Zieska
Frank Boyles~ll'~~ger
R:\RESOLUTI\ADMINRES',,2005\05~100 sale of Hasting~¢~priortake.com
Phone 952.447.4230 / Fax 952.447.4245