HomeMy WebLinkAbout06-070
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~o~ 16200 Eagle Creek Avenue S.E.
U rr; Prior Lake, MN 55372-1714
~NESV RESOLUTION 06-070
A RESOLUTION AUTHORIZING A MODIFICATION TO THE PROPOSAL TO DEVELOP
EXCESS CITY PROPERTY AT PARK NICOLLET DRIVE AND FRANKLIN TRAIL,
ALLOWING FOR A 45-DA Y TIME EXTENSION TO EXECUTE A DEVELOPMENT
AGREEMENT AND REQUIRING A $15,000 DEPOSIT TO THE CITY.
Motion By:
Erickson
Second By: Millar
WHEREAS, On May 27, 2005, Daniel O'Keefe, pursuant to a request for proposals to
purchase an option to purchase City property for development, was the only
person to submit a proposal on the T. J. Towing (Kortsch) property; and
WHEREAS, The City Council considered and accepted the proposal including the
description of the building to be constructed and the timelines for development
proposed; and
WHEREAS, On October 7, 2005, Mr. O'Keefe requested and was granted a six-month
extension to April 7, 2006, to enter into a development agreement with the City;
and
WHEREAS, Mr. O'Keefe has learned that due to storm water constraints he cannot build a
30,000 square-foot building on the property as originally proposed and,
therefore, has modified his proposal to include a 21,000 square-foot building
instead; and
WHEREAS, Mr. O'Keefe has obtained a verbal agreement from Park Nicollet to purchase
the adjacent one-acre parcel which is to become part of this development; and
WHEREAS, Mr. O'Keefe is now asking the City Council for a 45-day extension to execute a
development agreement acceptable to the City.
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 modification of the development proposal only with respect to building size from
30,000 to 21,000 square feet is hereby accepted.
3. The request to extend the deadline for the execution of a development agreement for 45
days from the date of this resolution is hereby approved conditioned on:
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a. Receipt of a $15,000 certified check surrendered to the City of Prior Lake no later
than Monday, May 22, 2006, and
b. Confirmation and receipt by the City of a written purchase agreement between Mr.
O'Keefe and Park Nicollet for the adjacent parcel no later than the last day of the
45-dayextension.
4. In the event that Mr. O'Keefe fails to perform as set forth above in any way, the city will
cancel the proposal and retain both the $15,000 deposit received with the proposal in 2005
and the deposit provided by May 22, 2006; and solicit new proposals for the development
of this property.
PASSED AND ADOPTED THIS 15th DAY OF MAY 2006.
Haugen
Dornbush
Erickson
LeMair
Millar
YES
X
X
X
Abstain
X
NO
Haugen
Dornbush
Erickson
LeMair
Millar
Abstain
FmnkB~~er
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