HomeMy WebLinkAboutResolution No. 280-15 - GardensNorthDevelop.PartialReleaseofDevelopAgree.RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City execute a
Partial Release of Development Agreement for Lot 3, Block 1, The Gardens North
Development, subject to Bascom Capital LLC becoming the fee owner of the property prior to
the execution of the Partial Release.
BE IT FURTHER RESOLVED that the City execute a Partial Release of Development
Agreement for Lot 4, Block 1, Lot 1, Block 2, The Gardens North Development, and Lot 1,
Block 1, The Gardens North Development Second, subject to applicable SAC, WAC, and
WCTID obligations being paid to the City, and subject to Bascom Capital LLC becoming the
fee owner of the Property prior to execution of the Partial Release.
BE IT FURTHER RESOLVED that the City execute a Termination of Storm Water
Detention Facility Construction and Maintenance Declaration Document for Lot 3, Block 1,
The Gardens North Development, and for Lot 4, Block 1, Lot 1, Block 2, The Gardens North
Development, and Lot 1, Block 1, The Gardens North Development Second.
The Mayor and the City Clerk are authorized and directed to execute these agreements on
behalf of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS
ATTEST:
CITY CLERK
DAY OF , 2015.
PRESIDENT OF SAID COMMON COUNCIL
APPROVED THIS DAY OF
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res 15\P W \DevAg r\Re 11
2015.