HomeMy WebLinkAbout06-098
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b ~ 16200 Eagle Creek Avenue S.E.
U t%'j Prior Lake, MN 55372-1714
~ RESOLUTION 06~98
A RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER
TO EXECUTE A QUIT CLAIM DEED RELEASING THE CITY'S INTEREST
IN THE MAIN AVENUE AND HASTINGS PROPERTY FOR ROCK CREEK.
Motion By: leMair
Second By: Millar
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, Rock Creek Designers & Builders, LLC has purchased the property subject to a
rescission provision, in order to construct a 3-story retail/office building, and
WHEREAS, the contract documents for this transaction provide that the City will release its interest
in the property once an investment of $100,000 has been made in the building project;
and
WHEREAS, Rock Creek Designers & Builders has completed all of the foundation work and the
construction of one external wall and is requesting that the City execute a quit claim
deed releasing its interest in the property, and
WHEREAS, the City Council has determined that with respect to this issue, the contract obligations
of Rock Creek Designers & Builders, LLC have been met.
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 authorized to execute a Quit Claim deed releasing the City's
interest in the property located at 16180 Hastings Avenue, Prior Lake, Minnesota.
PASSED AND ADOPTED THIS 26TH DAY OF JUNE, 2006.
YES NO
Haugen X Hau~en
Dornbush X Dornbush
Erickson X Erickson
LeMair X LeMalr
Millar X Millar
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Frank BOYlesR(tyt;anager
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Phone 952.447.4230 / Fax 952.447.4245