HomeMy WebLinkAboutResolution No. 512-15 - Construct55thStNW/41stAve NW.Prjct J9856RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City accept
and approve a settlement agreement with LNI VA, LLC, in the amount of $500,000.00 for
permanent and temporary right-of-way and easements for Project J-9856, "Reconstruct/Widen 55t"
Street N.W. from Fairway Dr to 50t" Ave NW" and "Construct 41st Avenue NW from 55t" St NW to
West Circle Dr/Members Pkwy."
BE IT FURTHER RESOLVED that, as part of this settlement, a portion of the 2001
development agreement is being terminated.
The Mayor, City Clerk and City Attorney are authorized to execute any documents
necessary for the implementation of this resolution including the settlement agreement and the
partial release of the 2001 development agreement.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS DAY OF , 2015.
ATTEST:
PRESIDENT OF SAID COMMON COUNCIL
CITY CLERK
APPROVED THIS DAY OF , 2015.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res 15\Settle\Project1