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HomeMy WebLinkAbout09(B) - Resolution Authorizing the Mayor and City Manager to Execute a Termination of the Development Contract for Shepherd’s Path; ReportPage 1 of 2 RELEASE OF DEVELOPMENT CONTRACT WHEREAS, the City of Prior Lake, a Minnesota municipal corporation (“City”), Shepherd of the Lake Lutheran Church a Minnesota Nonprofit Corporation (“SOLLC”), and Shepherd’s Path Senior Housing, Inc. a Minnesota Nonprofit Corporation (“SPSH”) entered into that certain Development Contract for Shepherds Path dated June 26, 2006 and recorded as Document No. 744390 in the Office of the County Recorder Scott County, Minnesota on July 7, 2006 (the “Development Contract”); and WHEREAS, the City, SOLLC, and SPSH entered into that certain Contract for Development of Land as a Planned Unit Development in the City of Prior Lake, Minnesota, to be known as Shepherd’s Path dated June 26, 2006 and recorded as Document No. 744391 in the Office of the County Recorder Scott County, Minnesota on July 7, 2006 (the “PUD Development Contract”); and WHEREAS, the City has confirmed that all work to be performed under the Development Contract is complete; and WHEREAS, the PUD Development Contract will continue and not be affected by the release or termination of the Development Contract; and WHEREAS, On November 26, 2024, the Prior Lake City Council agreed to terminate the Development Contract. NOW THEREFORE, the Development Contract is hereby terminated. (Signature Page Follows) Page 2 of 2 CITY OF PRIOR LAKE ________________________________ ______________________________ Kirt Briggs, Mayor Jason Wedel, City Manager STATE OF MINNESOTA ) ( ss. COUNTY OF SCOTT ) The foregoing instrument was acknowledged before me this ____ day of _______________, 202__ by Kirt Briggs, Mayor, and by Jason Wedel, City Manager, of the City of Prior Lake, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. _____________________________________ NOTARY PUBLIC DRAFTED BY: City of Prior Lake 4646 Dakota Street SE Prior Lake, MN 55372