HomeMy WebLinkAbout06-110
A RESOLUTION AUTHORIZING COUNCILMEMBER MILLAR AND CITY MANAGER TO ENTER
INTO A DEVELOPMENT AGREEMENT AND AN AGREEMENT REGARDING THE PURCHASE OF
CITY-OWNED PROPERTY AT FRANKLIN TRAIL AND PARK NICOLLET AVENUE.
Motion By: Millar
Second By: Dornbush
WHEREAS, The City Council has deemed two adjacent parcels it owns at Franklin Trail and Park
Nicollet Drive, which is approximately .88 acres, to be surplus to the City's needs; and
WHEREAS, The City Council, in accordance with the 2030 Vision and Strategic Plan, desires to
continue with the redevelopment of the commercial areas and the addition of
businesses to the area; and
WHEREAS, Dan O'Keefe, representing Village Commerce Building, LLC, has submitted a proposal
to build a two-story building of 21,000 square feet, in accordance with their proposal
dated May 27, 2005, as modified by City Council resolution 06-070; and
WHEREAS, The City Attorney has drafted a Development Agreement and Agreement Regarding
the Purchase of City-owned Property, which has been reviewed and approved by Dan
O'Keefe on behalf of Village Commerce Building, LLC.
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 Development Agreement and
Agreement Regarding the Purchase of City-owned Property at Franklin Trail and Park Nicollet
Avenue.
PASSED AND ADOPTED THIS 26th DAY OF JUNE 2006.
Haugen
Dornbush
I Erickson
I LeMair
I Millar
YES
Abstain
X
X
Abstain
X
NO
Haugen
Dornbush
Erickson
LeMair
Millar
Fmnk ~!dnager
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