HomeMy WebLinkAbout06-00316200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 06-03
A RESOLUTION AUTHORIZING THE ASSIGNMENT OF THE "BERENS WOODS" DEVELOPMENT
CONTRACT
Motion By: LeMair Second By: Erickson
WHEREAS,
On December 5, 2005, the City Council approved the final plat known as Berens
Woods and authorized the Mayor and the City Manager to execute the Development
Contract for this plat; and
WHEREAS,
Arcon Development is requesting approval of the assignment of the executed
Development Contract to Toll Brothers, Inc.; and
WHEREAS,
The Development Contract lists the required public improvements, development fees
and the necessary Letter of Credit; and
WHEREAS,
Toll Brothers, Inc., is able to assume the responsibilities for the public improvements,
development fees, Letter of Credit and all other duties involved in the Development
Contract; and
WHEREAS, The City Council has approved the assignment of the Development Contract for
"Berens Woods".
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 Mayor and City Manager are hereby authorized to execute the Assignment Agreement on
behalf of the City.
PASSED AND ADOPTED THIS 3RD DAY OF JANUARY, 2006.
YES NO
Haugen X Haugen
Dornbusch X Dornbusch
Erickson X Erickson
LeMair X LeMair
Millar × Millar
Frank Boyles, ~; .rv~nager
R:\R ES O L.UTI',,P L.AN R E S \2006',,06-03 Assign
Phone 952.447.4230 / Fax 952.447.4245