HomeMy WebLinkAboutResolution No. 444-14 • 444-14 D41(47)
RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City execute
the First Supplemental Amendment to Development Agreement for Thatcher Property (part of
Forest Hills 6th) described as Lots 1, 2, 3, & 5, Block 1, Forest Hills Sixth Subdivision, Olmsted
County, Minnesota.
BE IT FURTHER RESOLVED that the City Clerk certify with the Olmsted County Auditor
the collection of the obligations contained within this Agreement with the collection of taxes for
the individual four lots over five years at 5.5% interest and with the first payment being due with
the 2015 property taxes. Interest will start accruing on the date of Council approval.
The Mayor and the City Clerk are authorized and directed to execute this amendment on
behalf of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS 6th DAY OF OCTOBER _,_.2014.
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PRESI WENT Q"SAID COMMON COUNCIL
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CITY CLERK
APPROVED THIS 7th DAY OF OCTOBER ,2014.
MAYOR OF SAID CITY
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