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RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City execute
an amended purchase agreement with GH Holdings, LLC, for the City's purchase of the F.E.
Williams property as follows:
1. Amend paragraph 6 to provide a closing date not later than September 1,
2008;
2. Amend paragraph 14 to provide for conveyance of the property back to the
City if construction of the project has not commenced by November 1,
2008;
3. Amend paragraph 15 to provide the City with a 90-day option to purchase
the adjacent properties from GH Holdings if construction of the project has
not begun by November 1, 2008; and,
4. Amend section 2.2(g) of the Development Assistance Agreement dated
September 5, 2007, to provide for a construction commencement date of
• not later than November 1, 2008.
BE IT FURTHER RESOLVED that it is the judgment of the Common Council that the
acquisition of the real property covered by this resolution has no relationship to the City's
comprehensive plan. As such, the Council hereby dispenses with the requirement of Minnesota
Statute Section 462.356, Subd. 2 that might require the City Planning and Zoning Commission to
perform a comprehensive plan compliance review of the action described by this resolution.
The Mayor and City Clerk are authorized to execute the amended purchase agreement
and any other required documents on behalf of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS 215i API' OF /Y,°nc-Q 2008.
ATTEST: PRESIDENT OF SAID COMMON COUNCIL
ITY CLERK
APPROVED THIS 22cuf DAY OF / P�Q , 2008.
• MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res05kPurchaseAgr.15