HomeMy WebLinkAboutResolution No. 389-17 - PlantInvestmentFee.CommonsOnMayowoodProject
RESOLUTION
WHEREAS, on May 1, 2017, the Common Council of the City of Rochester adopted
Resolution No. 197-17 concerning the City’s acceptance of a Plant Investment Fee payment of
$273,000.00 for The Commons on Mayowood (Lot 3, Block 1, Riverfront Commons) project; and,
WHEREAS, the net result of this payment is an overpayment by Reuter Walton
Commercial to the City in the amount of $120,963.90, which should be refunded by the City to
Reuter Walton Commercial; and,
WHEREAS, the Council wishes to amend Resolution No. 197-17 so as to include the
refund of the overpayment amount.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Rochester
that Resolution No. 197-17 be amended so as to include the following additional provision:
BE IT FURTHER RESOLVED by the Council that the amount of $120,963.90 shall
be paid by the City to Reuter Walton Commercial.
BE IT FURTHER RESOLVED that the remainder of Resolution No. 197-17 be reaffirmed
and remain in effect.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2017.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2017.
__________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
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