HomeMy WebLinkAboutOfficial Act No. OA057-25 (EDA OA003-25) - Official Act (EDA) - Amendment to Exclusive Negotiating Rights Agreement with BGD5 Development LLC Relating to the Former Michael's Restaurant
EDA OFFICIAL ACT NO. _____
CITY COUNCIL OFFICIAL ACT NO. _____
OFFICIAL ACT
Rochester Economic Development Authority
County of Olmsted, State of Minnesota
The Rochester Economic Development Authority of the City of Rochester, Minnesota
hereby Authorizes an amendment to the Exclusive Negotiating Rights Agreement with
BGD5 Development LLC regarding the former Michael's Restaurant site, amending and
clarifying certain terms and definitions, namely modifying the definition and description of
the word "Property" and removing specific project numbers due to the evolving nature of
the project.
PASSED AND ADOPTED BY the Board of Commissioners of the Rochester Economic
th
Development Authority of Rochester, Minnesota this 19 Day of February, 2025.
PRESIDENT OF SAID AUTHORITY
SECRETARY OF SAID AUTHORITY
BE IT RESOLVED by the Common Council of the City of Rochester, MN that the
Council does concur with and authorize the amendment to the Exclusive Negotiating
Rights Agreement with BGD5 Development LLC regarding the former Michael's
Restaurant site.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2025.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2025.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)