HomeMy WebLinkAbout06-02616200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 06-26
A RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO ENTER INTO A
MODIFIED VERSION OF THE CITY'S STANDARD PURCHASE AGREEMENT FOR THE SALE OF
16180 HASTINGS AVENUE IN CONNECTION WITH THE DEVELOPMENT OF A THREE-STORY BUILDING
BY ROCK CREEK DESIGNERS & BUILDERS, LLC.
Motion By: Millar Second By: Dornbush
WHEREAS, the 2030 Vision and Strategic Plan provides that continued redevelopment of the Downtown Prior
Lake area is important to the citizens of Prior Lake; and
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
the City Council has deemed that a parcel located at the intersection of Main Avenue and Hastings
Avenue (16180 Hastings Avenue) is surplus to the City's needs; and
Rock Creek Designers & Builders, LLC submitted a proposal consistent with the terms and
conditions set forth in the Request for Proposals issued by the City for the sale of the property and
construction of a new three-story building, and
the City Council awarded the project to Rock Creek Designers & Builders LLC and entered into
agreements setting out the terms and conditions of the sale and development; and
the developer has met each of the conditions required to proceed with the purchase of the property,
and the City staff has negotiated in good faith the terms and conditions of the Purchase Agreement
consistent with the provisions of the Agreement Regarding the Purchase of City-Owned Property
dated October 17, 2005, and the Development Agreement dated October 17, 2006; and
WHEREAS, the property owner has indicated his acceptance of the terms of the purchase by executing a
modified version of the City's standard purchase agreement; and
WHEREAS, a delay in the deadline for closing on the sale of the property has been caused by both of the parties
which is cause for an adjustment to the timeline to commence construction; and
WHEREAS,
the Council believes the terms and conditions of the Purchase Agreement are appropriate, as well
as an adjustment to the timeline to commence construction.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA that:
1. The recitals set forth above are incorporated herein.
2. The Mayor and City Manager are hereby authorized to enter into a modified version of the City's Standard
Purchase Agreement for the sale of the property at 16180 Hastings Avenue, Prior Lake, MN, in accordance
with the terms and conditions of an Agreement Regarding Purchase of City-Owned Property dated October 17,
2005, and a Development Agreement dated October 17, 2005.
3. Staff is hereby directed to amend the timeline in the Development Agreement and Agreement Regarding the
Purchase of City-Owned Property for the commencement of construction to May 7, 2006.
4. Staff is hereby authorized to proceed to close the transaction consistent with the terms and conditions of the
Purchase Agreement.
PASSED AND ADOPTED THIS 6TM DAY OF FEBRUARY 2006.
YES NO
Haugen X Haugen
Oornbush X Dornbush
Erickson X Erickson
LeMair X LeMair
Millar X Millar
www.cityofpriorlake.~7~ Manager, Cit~P~ r L~ake
R:",,RESOLUTI\ADMINRES\2006\06-26 PA pl~Sfi.~,¢'5~?4~.4230 / Fax 952.447.4245