HomeMy WebLinkAbout3. Betty Jo and Steven Schmitt: Consideration of Development Agreement , , CITY OF ROSEMOUNT
EXECIITIVE SUb�lARY FOR ACTION
PORT AUTHORITY MEETING DATE: OCTOBER 11, 1994
AGENDA ITEM: BETTY JO AND STEVEN SCHMITT: AGENDA SECTION:
CONSIDERATION OF DEVELOPMENT AGREEMENT SPECIAL MEETING
PREPARED BY: JOHN MILLER, AGENDA NO.
ECONOMIC DEVELOPMENT COORDINATOR 3 .
ATTACI�IENTS: NONE APPROVED BY:
A meeting with Betty Jo and Steven Schmitt is scheduled for 1:00, Friday,
October 7 . In visiting with the Schmitts I have learned that their
attorney has a few minor issues with the development agreement drafted by
Holmes and Graven. I believe they can be resolved at the Friday meeting - -
Ron Batty from Holmes and Graven will be attending along with the port
authority staff.
I will probably not be able to have a copy of the revised agreement sent to
you on Monday because of the holiday. In that regard I will ask that
Holmes and Graven be prepared to review in detail any changes that result
from the Friday meeting. In the meantime I recommend reviewing again the
first draft agreement as it will be largely unchanged at the Tuesday
meeting.
RECO1�iENDED ACTION: Oral recommendation will be made on October 11.
PORT AUTHORITY ACTION:
�
. n ;Y �
�U'"''
Member introduced the following resolution and moved its
adoption:
ROSEMOUNT PORT AUTHORITY
RESOLUTION NO.
RESOLUTION APPROVING CONTRACT WITH DR.. KURT WALTER-
HANSEN AND DR. PATRICIA ANN WALTER AND AUTHORIZING SALE
OF PROPERTY
BE IT RESOLVED by the Rosemount Port Authority as follows:
Section 1. Recitals.
1.O1. The City of Rosemount (the "City") established the Housing and
Redevelopment Autharity in and for the City of Rosemount (the "HRA") on Apri117,
1979.
1.02. The HftA established the Rosemount Redevelopment Project (the
"Projeet") and the Rosemount Redevelopment Project Tax Increment Financing
District (the "TIF Distriet") in May, 1979.
1.03. Pursuant to Minnesota Statutes, 4 469.0813 (the "Act") and Resolution
No. 1991-53 (the "Enabling Resolution"), the City established the Rosemount Port
Authority (the "Authority"), effective January 2, 1992.
1.04. Pursuant to the Enabling Resolution, administrative authority over the
Project and TIF District were transferred to the Authority.
1.05. Pursuant to the Aet, the Authority is authorized to undertake certain
aetivities and to assist development within the Projeet and the TIF District.
1.06. The Authority has received a development proposal from Dr. Kurt
Walter-Hansen and Dr. Patricia Ann Walter (the "Developer") for a veterinary elinic
and office building (the "Development") to be constructed on certain property (the
"Property"), whieh is owned in fee by the Authority.
1.0?. The Authority has reviewed a Development Agreement (the "Contract")
with the Developer for construction of the Development on the Property as legally
described in the Contract, and the Authority has concluded that the proposed
development is consistent with and promotes the goals and objectives for which the
Project and the TIF District were established.
1.08. Pursuant to Minnesota Statutes, section 469.029, the Authority has held
a public hearing on the proposed sale of the Property, following published notice as
required by law, at which hearing all person wishing to express an opinion were
given an opportunity to do so.
Section 2. Findings.
2.O1. It is hereby found and determined that execution of the Contract and
the sale of the Property is in the best interest of the Authority.
SJH77836
R8230-2
1
. '
2.02. It is hereby found and determined 'that execution of the Contract and
the sale of the Property furthers the Authority's general plan af economic
development of the community and is consistent with and fosters the purposes for
which the Project and the TIF District were established.
Seetion 3. Authorization.
3.01. The chairperson and executive director are hereby authorized and
directed to execute the Contract in substantially the form presented to the board of
commissioners on this date, subject to modifications that do not materially alter the
Authority's rights and obligations under the Contract and that are approved by the
Chairperson and the Executive Director, which approval shall be conclusively
evidenced by execution of the Contract.
3.02. The ehairperson and executive director are hereby authorized and
directed to execute a deed and other appropriate documents to facilitate sale of the
Property to the Developer under the terms of the Contract.
3.03. The chairperson, executive director, staff and consultants are hereby
authorized and directed to take any and all other steps necessary or convenient in
order to accomplish the sale of the Property and to carry out the Authority's
obligations under the Contract.
Dated: , 1994.
Chairperson
ATTEST:
Executive Director
The motion for the adoption of the foregoing resolution was duly seconded by member
and upon vote being taken thereon, the following voted in favor thereof:
and the following voted against same:
Whereupon said resolution was declared duly passed and adopted.
SJH77436
RS230-2
� , ��
-���
,
��Imes`& ��ve�a�.;;�k����r�d
�:'TY�r� Draft � A = Deletion
I'� ;�:��;�:t��
:<.;
= Insertion
DEVEIAPMENT AGR.EIIVIENT
THIS AGREEMENT, dated this day of , 1994 by and
between the Rosemount Port Authority (the "Authority"), a public body corporate
and politic, and Dr. Kurt Walter-Hansen and Dr. Patricia Ann Walter (collectively,
the "Developer"):
RECITALS
WHEREAS, the Authority owns certain property (the "Property") within the
City of Rosemount (the "City"), a description of which is attached as Exhibit A and
WHEREAS, the Authority desires to cause the Property to be develoged in a
manner consistent with the City's downtown business community; and
WHEREAS, the Developer has submitted a proposal and specifications for
construction of a combination veterinary elinic and office building (the
"Development") to be constructed on the Property, a description of which is attached
as Exhibit B; and
WHEREAS, the Property is within the Rosemount 8edevelopment Project (the
"Pro ject"and the Rosemount Redevelopment Projeet Tax Inerement Financing Distriet
(the "TIF District"), whieh TIF District was created by the City in May, 1979 and
is now administered by the Authority;
NOW, THEREFORE, in consideration of the foregoing and of the mutual
eovenants and obligations set forth herein, the parties agree as follows:
1. Conveyance of Property_. (a) The Authority will convey the Property
to the Developer by quit claim deed in substantially the form attached hereto as
Exhibit C (the "Deed"), for the sum of $1.00, conditioned on satisfaction of the
following conditions: (i) Developer has submitted written evidence in a form
satisfactory to the Authority that the Developer has adequate mortgage or other
financin.g for the Develapment; (ii) and construction plans for the Development have
been approved by the Authority and the City; and (iii) the Developer has approved
title to the Property in aceordance with paragraph (b) of this Section.
(b} As soon as practicable after the date of this Agreement, the Authority
shall obtain and furnish to the Developer a registered property abstract far the
Property. The Developer shall have ten (10) days from the date of its receipt of
such commitment to review the state of title to the Property and to provide the
Authority with a list of written objections to such title. Upon receipt of the
Developer's list of written objections, the Authority shall proceed in good faith and
with all due diligence to attempt to cure the objections made by the Developer. Not
earlier than eleven days following the date the Developer shall have received an
SJBT5251 1
RS230-2
updated abstract for the Property from the Authority or, in the event the Developer
shall have provided the Authority with a list of written objections, within ten (10)
days after the date that all such objections have been cured to the reasonable
satisfaction of the Developer, the Authority and Developer shall proceed with the
conveyance of the Property pursuant to this Section. In the event that the
Authority has failed to cure objeetions within sixty (60) days after its receipt of the
Developer's list of sueh objections, either the Developer or the Authority may by the
giving of written notice to the other, terminate this Agreement, upon the receipt of
which this Agreement shall be null and void and neither party shall have any liability
hereunder. The Authority shall have no obligation to take any action to clear
defects in the title to the Property, other than the good faith efforts described
above.
(c) The Authority shall take no actions to encumber title to the Property
between the date of this Agreement and the time which the Deed is delivered to the
Developer.
;;;:.;;;;.:;:;:.;.>;:.::>:::;:::::::»>:>:-<-><:>: :>:<;<, ;,,:::>::>:>::»:<::::<:;::;::;::;:>:;:>::>::::;;:
<:<.>:::.>;<.;:.:::.>:<:.;;:<.:<:;;«<:>:<:>.<»>::>:<>:>:::>:<.::.:>,;:;;:.;.;.:::;:»:;:.:>;:.; :: ::.::.:.:::::..:. ..:; ;.::;::: >:: . :<:>: ; :;:: ..
�t�;;�..... ��€#h�xri�� ��,�e��n�a,��d�.�r���:th�� tt� ��is<�s� +�`�� �w�,�d�.:
>:;;>:,;:t����:
.::»;��
�
;:<::.;:::<:>::::::>::>::;;::;<:<:::::;>:>»>;:><::;:::>::::>>:.;::>:>>::::;::;><::::;:>::»::>:::::>:»::»<:<;:;:::<:::»:>:;:::>:>::>:::>:::::> ;:� <:>::>::»::>:::::>:;.:>::::_::.>:.:.:.:::>::;>:::><:::>::>:::><;;_< ...�...
;::::.�::::��t:..:<::�:::���e�1�`�s;::�::� .;.:>:;:::::.;::>:�.::.:
,;::<.;; ;:. .e::��� t�:.t:..:::>��.;'�.:::::::::::: .:::.;:.::::::::::::::::::.:::::::.�::..::::::.::::::.;:;.::.:::::..��:::::..:.:.:....
<�::<:>;:::::<:;>:���tt���:<t�.:::::.:::::<:.:�;;:�:.�.::::.:>;»;:.::...:::::::..;:.;;;:.>:<�>:.>:::..::._:.;;:::::.:.:::::::.::. ;;:::.::::: ....:.....::<:.. ::;;�
:.:::;.;;:.:;:�:::�:;:.;:.;;:;::.::.;::::.;;:<:»;:..,;::<.;:::.;>;>;;>:.;>:<.;;>:.:;.;>;:,:<.;;;:;;:.::.;:.;:.;:::.;:.;::..::..:::::..;...:.::.>;>.......;:.: .. ... ;: ;.;;; � ; :
;:.;<:.:;::..::.:::;:::.:..;,::::»:;:.:..:......: :::»:::>;:. .. . .;;;;. ;:.;: :::.:. ;;:... ::>::>'���:..���3a.i�<::>::::�:�f�:�;::>�::«:�"
±�� : ...: ;:.;: .. . . :,;;;;....: .: >::>:. . ���::»:�:::::�e�a���.;:.;:!�r:.:::.:::::.;;;;::.;:>:;_::.;:.::<:.;:.;:.>:.;:.>:<:.;..;.>::.;:<;:.:::..;:.;;;:.;::.;:;>:::::::::.
�c�..:��:.;::�.x..��;;:.;:��.;:.>:.�::::.:;::«;::.::.;;::..:.;�:;..:.;:�;;>::...:::<.;;;:.;:.;;:::::.::::..::::.:_-;:; :.;;:,..:....:::.:. ..:..:...... . . ::<. . .. .
�::»:>;>�:::>;;�;:>;>;;;:::;;:::::>,:»::::::�::;:.;;;;:.;:.;:.:.;:::...::::;<:::>;:�<;;;<;::..;�.;::.;�<::::::.:::::::.:.. .:...:;;.. .:..:: ..;:.. . . .
,...: ;......:;:. >:. .::<..:. :<.... .: ,;,, . . ...»�i�:> .::: >:�a�'::::.��.;:�!���.;��
:.;. . s��.>:a�:.;�1� .:; .�er#.::::�t�.:.;:.:::::.;:.;.�+a���:;_;.;:.:.;x.>:�._:.;�.:<.;:.;;:.;;;::.>;;��.;. .:.:<::.;:::.�:�.:«.;.:..::::
��s��rd,�tix�>;�a.::::::::::.::.::.:::,;:.;:;:�:>��::.;;:.:.;�.;:.;»::.:..:.;;:.;:<.;;:::;:.;;;: ::::.::;:.::::::.::::;:: :..:..:..:::::::::..�._......: .. :.: :..: . , . ..>::
:>::<:::::::;:::::::<:>::>:<::<>:>:::>>::>:::.:<;>.;;;:>:;..:.:«.;;::::.:::.:: .,;�:.<::.:: ::. :.;::>: ..:.............:... ..... . >: .. .. : . .. :: �. . . .��::
���.:...... :..... :::���n:.��i±��t:�:�:::.'.�����::�,:..>:;::::<::::::«>;:.:::.:;:;:�:
,.. >. .. : �::���a€�::>��:e::�#a��:<Q�::'�:::::.:::::::t�.;;:<.:::::'�:::::::::::::::.;.:.:::...:..:..:;::.: . ���..;. .... .
;������::.;:.;:.;;;;:.;:.;:;.;::.;:.;:.;.;:.::.;:::.:.:,:.;::.;::.;::::,;:.;:.:.::.;:..;..;.>.:.;:..:..: .:::.::.: :..:.>: : . . :::: .;:.;. ....:.. ... .>::,>>;�--_,,.z:..•. :�. . .:
:..:..;<:::::.::::.:>:;:.;:.:>::>:::.>:.::><:;.<:;:,:.::::::. :::::...::::: ,. :: :...:::<.: <:::: <:>:.;: .. <:::>:: . <:...:::: .><:. . .:..,. .��:::::��::::; ::.::��:��.
;;: ..: ;:.>: :. :. :. ... :<;;.... ::.:: .:::.:1�$#�..;:.;�r�.;;���`�:.;<�.:.;:�E��:.:<9::::>:<�.::::;�;:..;;;:;:.;;:;.:.;>;:::.;:;::.:;:::
>::: �€x'�c�r�i.::.f�.t�.::�,��Jt�:.: ;>;;,���:;:�:::::.:::<.;;:.;:�;>;:::.::::::<:.::::::.::.:::::.::::::::::::.>::.;;::_::;::::::.:�::;:>:.;;:.;;;;:::::::.::.:::.:.�:::.:.:.
L:fl� ,��'1:::::::.:;.;;;;>:;.;:<.;:.;:.;;;:.;:::.;:::::::::.::::.::.:::�.;:.;:.;::.::.;;:.;;::.;;:.>::.;;:.; :.::«.:;<.»:.;_:.»;:.:<..,.: ::..:::.;::::::.::....:..._;.>....... ; . :.:
;:.;:.;;;::�.::.;;>;;:.: ::s;:.;;;>.:: ;::. : ::.:: «: .:. ;.:<::::>:>:.:::;,:::.. ....;:........ . . >:> :::::t��.". ::: � .4�'.�z:�:::......:=::
: .......:.. . .... . ;:<+�. ...: , :•.> �:>�� ::»��mi:�.�1�::;:;���E::::��:;#��.;�c��;�;::•.:;::�.:;•« ��'
: :�.�*���fi��;;:;:.G��.�;:.:�::�:;;�?�':>:�.�:.:::::.;:.;:<::.:;;::;::::.:::::::::::....:.:....:.. . ,..... .. .. ..
;�::<.;::::;>:;:;::>,,;;:.<>::>:>:::::>.:»::»:;>::<:::::><::;::>::>:>:<:;:...,:<>::>::»:::<:.....::..:::......::.;. ..,,,v . .
.. ....::.......................
�����:>��*���►nt:�::<�'��:
���`::<::�a :::<:�>::`°<;:;.:..:.<:<;.:::......<.::.:«:<,>;;<'`:':::�<::�>:;:
>: ::::><::::>:::::: <>::>::>::>:«:;.:.:;>::<::;:::>�:::>::;:::>:;<::;.<:::>:<:<>::::>:>::::>�»:.><:;.:<>:::>�>::::»»::;:>:::>:;;:::;::»>:;::;.::_:�<;::>::>::;:::>:;::
:.�<:>�r:::::����.��s,�>:;�::.::._;�.>:�.::'�.;..���`�"
.::::::.;;>;:«.T . .. ::::; ;::::�a::>;s��:b�#�.::::::.::::.::.::::::::.:::::::::::.:. .::.:..:::::::::::.
.�:::;::>::»::;:.:::#��.::�.:::::::.:::::::..:::::..:.::.::::::.:::::::::: .::::::::::.::.:::::.;::::.:,::. .:::::..:: . :::.. .;.:�;.;:.:..::;:,..:,.:.:::::..;;;.:::...::.::..
.,.>;_:.;;.::.;::.:;;;:�:.;>;:�:.::::::.;;;:,:::>:;;_>;:.;;::<;;.;:;;::.: .;;;�;;:,;;>;;:.;:::::;.;::.::.::::;::::::.;;:::: :. ...;....}.. ...: .. :.;:....
:;:, .:.,::..::,.>:::::::.:::::>:::... ...: �:� :>::..<»:.. . .. <>:. :>: ,:: »>: ..:: ...;» ..���::::-��:��►�::»�::::�.;:;>u�
.:; .r=:::����.;��::.��t�.��:>;u�.:::::::_::<:.::.::.::.:::.�::::.:.;�:<::::::::::..::.:.;�:�:::::::::.:::.:::::.:
;,.:.. ::;:�:. :«:su: : ::..::��:>:�<:::��u�:�::::::.:.:::::.:::...:::::.::::::::..:::.::::::::::::.::�:::::.;::; ;::.:.:.:::::::..;;>:.:..::.;::.::...: . .. . :....:..::..
�v�,i��x<.»:.;:;:,<�'.;»::;;:<�?�::.;;;.:.;:::::.;>::«:..;;;:::;>:.;;;;:;:.::.;>;»:;.;;;.>:<�.;:.::::..;..:::...:..:..;::::.:...,..::. .. . . .
;::;:..:.>::::.:.: .;»:.;:.:::.::::.;:<::::.....:.:. . :.....:<::..:.. .. . .. ���<:c��:::�����;:<:�
� �: :::>���;���.a>::::;::::..:: :;;�.:::::::::::::.:;:.;;>;;::.:::::::::::::.:.;;;;:>:.;,>.:::::::::::;::.
- � . >�::>::s: t..::>:��>::���a.�:;:��;s�i.�.::��:::.:..:::::<.;;;>;:.;::;:::::::::��.:::::.:.:.:.::�-:.:::..::.::.:::.:-.:.<: :....: ....:.:, ..
��d.,:�:�:;;;;:�.>:�:�;>::.;;:::.:;;:.::,.;:.;>;;::::::::::::.:::<.:.;>;:.;;;:;:::::::::.;;»;:;:>:,:::.::::.:::.,.::..:;:;::..:..:. ,::: . . �.;: :>;: . .. ..
:>:>>::::::»,.,:::><::<.;::.,.;.: :::;:.;.:;:::::.:.:.:.:: »<:::.:,..<::.::.::... .:.. »:� . �:<>;::�,�:::>:::��:�.#��.:: .::..;:��
. .... <;::.. ��
�a�: �re�a���:::::;��<:�::>:::.:.:.:::.;:.::::>.:.:�:>«,�:<:.:..:�.>�:v:::�::
»:.: .... . :.. �.e��::.:�.... ................: :<:::>::�i....::::::::::::.::::::.::.:�:.:;.::.::.:::.:,n:»<:»:::;:� :.>;:.:.:.�:::::..;..:. ::..
, :<:::..;>::.:�.><:<;
+�����.;:.;�x�!��;:,;;;�:.::::>::<.::::;:.;:.;>:;;::::,:::;:<.;;:::�;».:�'�`::;:.:;::<.;:<.::<.;.;:.::::<;.;:,:..;::::::::.::. :..:..:.........:... . ;;. . . . :.: . .:: ..
>>::>;:>::;:><:...;.>:<:::;;;:::::<:.>,.. .:<;:::.::::::....:.::;>::..:...:.....:...: ...:..._.:: .:.:.. :: .. . r��::<���!.::..: .::>:'�:..�:<:�'�
>:; :.. .. .<::. ...... �:::���d��::::��.�::::o�;:�n�€e�
�� a���::�r���.:�n��i::::::::.�:::::::::::<:.::::.:::::::::::::::::..:::.::::..::::::>::;;:::::.. .. ..:::»;��;::;:<:;;;>::;.;:.::.;:::;>:::....::::.:::::::::::::::::::..:.._::.:..
<«:::>�::»;::>:::<><<;::;:::<:;:::;>;:.:.;;>:<.>:::.;:,;«;<.:.:::::::::::::::::::: .::.:............................ ..
������::<cii��i:;;��ii�<�����'���:<::�
..............
_ ;>:.;:::::;:;>::,:>;:::.::::::::>::;:;:»:<:>�.:::>::::<:>::
_.......... _ _ . .;;i:.':<y�'>�;o-�9+.:::;<f�::...::..::.. .. ...:..
�tY :>.::... : ��c��.� ��.�..��x�rx��xi�u�.:::���.��. ��°��:::<::::<:>::3�
�.�:.:;:>:.;�a�::<���:::��.;::.;::.:<.;:;:.::.;:.�::;:::.;::.;>:.:::��.:<...;:.:::.:.:;:<.>;:.:;.:::.>;:.;:;.:..;.;:.;;: _: . ;::.:;....::........:..;r :. ;: . . . . ..
... .........�..:::;:.::;;::::;;:::.:>:::.:.................
>;:::<::>:::><:::<::.::...:.....:..:.......::.:::;:<::.::..>;:;::;:;:.:::.;...:::::::.<:>:::<::; :..::...: >;. ...:.. .. . : . :. : .:::::... .
::.:� .. . . ;:.
;;. .: . . .;.:>::. '� . :. . ; ;�3�1��:::�$:�::�;�.._'���;;;£�:>'�:t';�!:<.::�..,�':::;:.::::::.:::.>
�se���� .�::�..: :..:�#�cs�:>.;:��::�.;��:.:::.;:.;.:;:.;:.;:.;;:::..::..:.;::..>:.::.:::.::.::...;:.::.:::.;;::.;:.:;:,:.;:�: <.;;.�.::r::.;�;::::,... :.;::.:
� :;�::�:..::::::.;;::.;;:;:.;>:<�.:::::::::.::�.:�:;::.;::::::::::.:;:.:>;:<::.;::.:..:,:;.: ;:;;.;;.:.: :::.;:::::.>::: ..__:.:..:. .. ;;:.. ;.;.:
�
ea ra� wku� �is� b��: ��rni��.�c� �c� ���e����r �`+�r<;�vx�v�:�:::;��:::�`�� fi��
1�� .
�i���t���L� ��::�:��wl,�d� � �� ;�ths�r ir�Q�rm�� 3��ca�� ��t�r�
���.��;���:��� � �k�at �o��,i'�� �a. � a��a�aenL���.es� s't�;c�g a� fi�a �.e
.........
�r�����:���1;���.�.:�f����€s,��r�.
................ ::>:::::>�>::t'#;
�<;::�<::::;�>:::>;:<.:::
.::.;:.:.;>:.<;::::::::::>:<::;>;;:::»>:«;:>::,<:;>::�::::><»:;<><:::::>;:;<:>�»:;::;>:::>�:��::>;>�><><»:::»<:<::::»<::::>:>:::::::»::>:<><:�:::;<:::<::<:::>::::>�:.;>:<>�::>:>:<::::<:::::;::«:::»:��::::>:>:<;::::::<>:>:::::.>:.;<:::.
:..��:::::::���::;:�::;:;..��..;::��.:::
.:...:::. . .. .... . . . :::. . �
.. :::. . . :<.: . .:::.. . , s� , �<:>: �#`�z�<:::�...;::::�.:::.::..:.:
...::::.. .>.:�� .. ..:...+�^s�� � .�..
�
�.. �::::.�1.. :,>:: .�. :�.::.
.::: . .........:::..... ...:::;:;.:.
..........:.:.�. . ...:r::: ......... .....::<.:::<<.:.:::::�.:::::.:................... ....... .
..�....:it�...........................::.:::::::::.. �' ::::....,...:>:;..::.;.:..::,<::;.::::;::..
.::�:.:
:::.,<:
,..��
���
..<..::..:..:..:........::::..........:... :<:<..:. :...:::.::>:::.;..:.. .
,:...:.::::.:.: .,.. ....:.:::.:: .
�::.:<;< .:..:....�.:.;.:<r
:<.:::::::::::;..:.::.::.:..:.�..:. ....s.... .. .,,.: :�
... . .... .....:.:.::.;>;:,:�..:�.: . ..
. .;:.;:.;:.�..::::.;:.::>::.::.::::.;:.::.:�:. . :.:.:,....
:.
.......:.:.....<:;::,::.. . .;.. .:. . .
::���e:�. ��.�:��::�:e:����>:::.: > �:::>�:<>
��:�::�'��>�:����:: �;�..::::::::::::,.�:.::::::::::..::.::..:..::..::.::::.. . ,.�.i::::_:;.:..;:<:>>:�.
::��:�::.��x�ab:.::::::::::.::::::::::::.:.::.::::::::::::�:::<;.>::::.:.:::.:.�::.:::.:::::::::::::..:.;::.:.,;::,:..:.: _:...:<; �`}';::
�:fi�t�::::.:.. .::::::<.:>:>;>;::.;::.;::::.:�:.:::::.;:::.;;>;:;:.>::.::.:::::.:::::::.:.:;:�:.;:::..::.::::.,.:::.:�::::.>,.::...:......:.....:.�. :....:..:.::.>:. .:..
:<.;�>;:.;�.;�:::::.,:;:. .:.::<.::_:.�:. .:.;;......;::..:..::..:... �: ;; . .� :;... � � �::> ' '� .:>:'�?E�.���.��<i��?4�i...�"��.�..�`.��...�'
�h�� . ...;..:. ;:.: >;. :: .....::.;..:.; . ::<.: . . ::>:: . :. ����::::��:«?�;►`�����::<�`::..;;�>;::.;;;:.;;;:.:;>:;<.:::::�:.::::::...:.�:.�:::........
<; �' ::::�.�::>�� ...�<:;��:::�����;<':�.;::���.;>:::>:.:::..::::.::::;;:<:>�:.;:.;:.;.:._;,.�:;;.;:,<:,..,..............�..
_<.;:<:.::.::>::>:�:.:;:�:::::.::::.:::::.::::::<�::.>..:.::::.:>::.::::.:<:.:::.::>:::«:: .y:.::::.;:;:.::<.::.<::;.::.:>:: :.:.:::::::.. .;;.:.:......: . �
���>,:<:::;>::<:::::::.>.::::.:>.::..:::.<.: :. ....>:: .........::... .:...:. : :� :::::::�::����:><s'��c����x�:.;
::>:��.C�t���,.;>:::�:���::>�:���;;a:�'�e�:::�#�;��:�,.:::�`:.::.;:;;:<:;:.:::::::::::::.,.:_.:..:................
::.::.::.:::.::.::.::::.::.:::.::.:::::.::.:::::.�`:::::::::::...:::::::::::................................
(�) At closing, the Authority shall deliver the Deed and possession of the
Properfy to the Developer. The Developer shall pay all recording fees relating to
the filing of the Deed; charges relating to the filing of any instruments required to
make title marketable; title insurance premiums, if any; and title company closing
fee, if any.
(�) Closing will occur within 30 days::after..,satisfaction of the conditions
specified in this Section, but no later than ���:p���' 1, 1994.
SJB75251
xszao-a Z
2. Construction of Development. The Developer will be required to
construct the Development substantially in aecordance with the specifications set
forth in Exhibit B, as those specifications may be modified by construction plans
approved hereafter by the Authority and City. At a minimum, the Development shall
have a face-brick exterior and a gross floor area of at least 8,000 square feet.
Subject to Unavoidable Delays as defined hereinafter, construction must begin by
no later than January 1, 1995 and be substantially completed (including the building,
parking area and landseaping) by August 1, 1995. Promptly after substantial
completion of the Development, the Authority will provide the Developer a written
certificate so certifying (the"Certificate of Completion") , which will be in recordable
form. The Development will be deemed substantially complete when the Developer
has received a certificate of occupancy from the responsible inspecting authority and
the Authority and City have reasonably determined that the parking, landscaping,
site improvements and pedestrian trail under Section 3(b) are complete. For the
purposes of this Agreement, the term"Unavoidable Delays" means delays beyond the
reasonable control of the Developer as a result thereof whieh are the direct result
of strikes, other labor troubles, prolonged adverse weather or acts of God, fire or
ather casualty to the Development, litigation commenced by third parties which, by
injunction or other similar judicial action, directly results in delays, or acts of any
federal, state or loca.l governmental unit (other than the Authority in exercising its
rights under this Agreement) which directly result in delays.
3. Other Developer Responsibilities. The Developer shall also:
(a) undertake grading of the Property in a way as to be
compatible with the topography and elevations of the City's Erickson
Community Square Park, in aceordance with grading Plans approved by
the City Engineer and a grading permit issued by the City.
(b) construct a pedestrian trail or sidewalk on City property
between the northernmost parking lot on the Property and the Erickson
Community Square Park, to be completed by August 1, 1995, subjeet to
Unavoidable Delays. The trail will be constructed according to
specifications provided by the City. The parties understand and
acknowledge that the total cost of the tr ' will be less than$25,000. In
letting contracts for construction of the trail, the Developer will obtain
at least at least two quotations from contractors and will provide
evidence of the quotations to the City, hich will keep such quotations
on file for at least one year thereafter, ll in accordance with Minnesota
Statutes, Section 471.345, Subd. 4.
(c) convey to the City a perpet al non-exclusive easement that
will allow visitors to the Erickson C mmunity Square Park to use
parking on the Property during an hours other than 8:00 a.m.
through 6:00 p.m. , Monday through F 'day. The nine spaces on the
west side of the building may be reser ed for the clinic use only:._: The
ublic �"���:�'��::>;:i��:;:<����:�i�
easement will also include a right of p �3.: ;.;,;:,;,.:::..::.::::::::..::.......:..... ... :
access at all times to the park and adjac nt trai.l t�rough anc���aeross t�e
parking area of the Property. The De eloper will convey the easement
to the City upon conveyance of the P perty by the Authority to the
Developer. The easement shall be su stantially in the form attached
hereto as Exhibit D.
SJH75251 3
RS230-2
(d) cause all electrical utility 'nes on the south side of the
Property to be buried from the pole to he east property line.
(e) develop the Property and construct the Development in
accordanee with all City cades, ordin ces and rules, including site
plan approval required by the City of 8 semount Planning Commission.
(f) pay all costs associated with he Development, including but
not limited to building permit fees, w er, sewer, storm sewer, plan
review and any other fees, subject to p tential reimbursement from tax
increment in accordance with Seetions and 5 hereof.
(g) construct a sidewalk on t e Property along State Trunk
Highway 3 from the southernmost boun ary line of the Property to the
entrance drive, in accordance with spe ' ications provided by the City.
4. Tax Increment Assistance. In or r to make the Development
economically fea.sible, the Authority will reimburse t e Developer (in the manner set
forth in Section 5) for the following site i provement costs (the "Site
Improvements"):
SAC and WAC fees and related permits $ 26,000
Parking lot and driveway 28,400
Curb for parking lot and driveway 12,800
Excavation 19,500
La.ndscaping 15,000
Sidewalk 6,500
Trail, including sitework 14,000 �
Power line undergrounding 5,500 � n�J
On site sewer, water and gas
5,900 ��'
Lighting 7,200
Blacktop striping 1,800
Concrete blocks and footing to groun 19,000
Survey, On-site storm sewer 6,500
Architect fee allocated to above items 6,900
TOTAL $175,000
The amounts identified may vary among categories, ut if the total above-referenced
costs exeeed $175,00�, sueh excess costs shal be the responsibility of the
Developer. The Authority shall have no obligation to the Developer or to any third
party with respect to any defects in the construct on of improvements financed or
reimbursed by the Authority as Site Improvement . The parties understand and
acknowledge that the Developer may incur additio site improvement casts beyond
those identified above, and that the Developer is n t reimbursed for interest on the
above Site Improvement costs under Seetion 5 he of.
5. Tax Increment Pavments. The Authority will reimburse the Developer for
' costs aid b the Develo er p. suant_to:Section.4:rin._the::total
Site Improvement <;>:;:�:;:::�,>.;::.;;:«::::.>:y:> �
amount of $175 ,000�r ����>`���s�?��tr��� i�a�a.rr�c� b�r`�e���,����� ����.���
`''''' �'`"` `�` � ���t��s�r;:;:1n accordance with the foll.o `ng terms and conditaons:
,.;.
����:.:::>::::� . .. .:.;::..:.::::.:. ...
(a) The Site Improvement costs will be paid by the Authority to the
Developer in semi-annual installments, without in erest thereon, payable on each
August 1 and February 1 ("Payment Dates") e mmencing August 1, 1996 and
SJB75251
xsz3o-z 4
concluding no later than February 1, 2001, which payments will be made from
Available Tax Increment as defined herein and from o other source.
(b) The term "Available Tax Increment" eans 90 percent of the tax
increments attributable the Property that are paid t the Authority during the six
months preceding any Payment Date, all pursuant t Minnesota Statutes, Seetion
462.58 1978) or, to the extent applicable, Sections 469.174 to 469.179.
(c) The Authority's obligation to pay the Site Improvement costs shall
termin on the earlier of the Payment Date on which the Developer has been fully
reimbursed for the amount of the Site Improvement costs or February 1, 2001,
whichever date occurs first. The Authority shall have no obligation to pay any
portion of the Site Improvement costs tha.t remains unpaid after February 1, 2001. ,
The Authority may prepay the Site Improvement costs at any time. (� " �.,�
(d) The Authority shall not be obligated to make any payment under this ���� �
Section if: (i) the Authority has not issued the Certificate of Campletion for the
Development; (ii) there is an Event of Default on the Developer's part under this
Agreement that has not been cured as of the Payment Date; or (iu) the Developer
has failed to comply with the payment procedures described in paragraph (e) herein.
(e) At least 30 days before the first Payment Date (August 1, 1996), the
Developer must submit to the Authority a payment request certificate signed by its
duly authorized representa.tive statmg that the Develo�er ..:has paid the Site
Improvement costs in /� the amount �d� r�n;���d �t����.��.�nd that no Event
of Default has occurred and is continuing under this Agreement.��The first payment
request certificate must be accompanied by a certificate of a project engineer or
other project supervisor showing in adequate detail in a form reasonably acceptable
to the Authority that the Site Improvement costs specified in Section 4 have been
incurred and paid by the Developer.
(f) The Authority makes no warranties or representations as to the amount
or method of calculation of Available Tax Increment, and specifically does not
warrant or represent that Available T� Increment will be sufficient to pay the Site
Improvement Costs in full during the term specified in this Section. The Authority
will cooperate in any efforts by the Developer to maximize the calculation of Ava3lable
Tax Increment by Dakota County.
6. Events of Default Defined. The following shall be "Events of Default"
under this Agreement and the term "Event of Default" shall mean, whenever it is
used in this Agreement (unless the context otherwise provides), any failure by any
party to observe or perform any other covenant, con.dition, obligation or agreement
on its part to be observed or performed hereunder.
7. 8emedies on Default. Whenever any Event of Default referred to in
Section 6 of this Agreement oecurs, the non-defaulting party may exercise its rights
under this Section 7 after providing 90 days written notice to the defaulting party
of the Event of Default, but only if the Event of Default has not been cured within
said thirty days or, if the Event of Default is by its nature ineurable within thirty
days, the defaulting party does not provide assurances rea.sonably satisfactory to
the non-defaulting party that the Event of Default will be cured and will be cured
as soon as reasonably possible:
s,��sasi
gssao-z 5
(a) Suspend its performance under the Agreement until it receives
assurances that the defaulting party will cure its default and continue its
performance under the Agreement.
(b) Cancel and rescind or terminate the Agreement.
(c) Upon a default by the Developer, the Authority may terminate the
payments under Section 5.
(d) Take whatever action, including legal, equitable or administrative
action, which may appear necessary or desirable to collect any payments due under
this Agreement, or to enforce performance and observance of any obligation,
agreement, or covenant under this Agreement.
8. Revesting Title in Authoritv Upon Happening of Event Subsequent to
Convevance to Developer. In the event that subsequent to conveyance of the
Property or any part thereof to the Developer and prior to receipt by the Developer
of the Certificate of Completion for the Development, the Developer fails to comply
with any of its covenants under this Agreement and fails to cure any sueh
noncompliance or breach within 90 days after written demand from the Authority to
the Developer to do so, then the Authority shall have the right to re-enter and take
possession of the Property and to terminate (and revest in the Authority) the estate
conveyed by the Deed to the Developer, it being the intent of this provision,
together with other provisions of the Agreement, that the conveyance of the
Property to the Developer shall be made upon, and that the Deed shall contain a
condition subsequent to the effeet that in the event of any default on the part of the
Developer and failure on the part of the Developer to remedy, end, or abrogate such
default within the period and in the manner stated in such subdivisions, the
Authority at its option may declare a termination in favor of the Authority of the
title, and of all the rights and interests in and to the Property conveyed to the
Developer, and that such title and all rights and interests of the Developer, and any
assigns or successors in interest to and in the Property, shall revert to the
Authority, but only if the Event of Default has not been cured within the time
periods provided above.
Notwithstanding anything to the contrary contained in this Section 8 of this
Agreement, the Authority shall have no right to reenter or retake title to and
possession of the Property after the Certificate of Completion has been issued.
9. Park Dedication. The parties agree and understand that the City
accepts, as satisfaction of any required dedication of lanct for park purposes in
connection with the Property under City ordinances or policies, the Developer's
obligation to construct a pedestrian trail under Seetion 3(b) and to pave the parking
lot that will be subject to an easement conveyed to the City under Section 3(e).
10. No Additional Waiver Implied by One Waiver. In the event any covenant
conta.ined in this Agreement should be breached by one party and subsequently
waived by another party, such waiver shall be limited to the particular breach so
wived and shall not be deemed to waive any other concurrent, previous or
subsequent breach.
11. No Remedv Exclusive. No remedy herein conferred upon or reserved �
to the Authority is intended to be exclusive of any other available remedy or
remedies, but each and every such remedy shall be cumulative and shall be in
s��szsi s
R8230-2
addition to every other remedy given under this Agreement or now or hereafter
existing at law or in equity or by statute. No delay or omission to exercise any right
or power accruing upon any default shall impair any sueh right or power or shall be
construed to be a waiver thereof, but any such right and power may be exercised
from time to time and as often as may be deemed expedient.
12. Notices. Notice or demand or other communication between or among the
parties shall be sufficiently given if sent by mail, postage prepaid, return receipt
requested or delivered personally:
(a) As to the Authority: City of R.osemount
P.O. Box 510
8osemount, MN 55068-0510
Attn: Executive Director
(b) As to the Developer: 12141 Dodd Boulevard
Rosemount, Minnesota
13. No Mer�er with Deed. None of the provisions of this Agreement are
intended to or shall be merged by reason of any deed transferri.ng any interest in
the Property and any such deed shall not be deemed to affect or impair the
provisions and covenants of this Agreement.
14. Counterparts. This Agreement may be executed simultaneously in
any number of counterparts, all of which shall constitute one and the same
instrument.
15. 8ecordin�. The Developer y all record this Agreeme�nllt andsan�
amendments thereto with the Dakota Count Recorder and shall paY
recording.
16. Future Assistance. The Authority agrees that, if for any reason the
' District is extended and tax increments are,.colleeted:from:.the:
duration of the TIF ...:::::.:.. .
Propert�r after April 1, 20�1, �►�+ � ..�'q'���� '�`� �����- ����' � �
,
. �
A�ufi���r�ty� �ux��Ag t�� �erm e�� �c�a��x�'� ��r��f su�stazz�zaliy �z���:e�d� '��� �t�tar� ���
I�n�ra��$m�r�� ��t� '+�er�i�d ��id�r ����can ����> the Authority will,.. af the
lleveloper's request, negotiate in goofl faitli with the Developer regarding extension
�� ��:'�:�#;���ii; of the assistance provided hereunder, including without lirnitation:
reimliursement of Site Improvement Costs, if any, remaining unpaid after the final
Payment Date under Section 5 hereof; reimbursement of interest accrued on such Site
Improvement Costs based upon a mutually agreed rate of interest and aeerual date;
and reimbursement of additional costs related to the Development other than those
identified in Section 4 hereof. In determining whether to provide such additional
assistanee, the Authority may consider whether such assistance is reasonably
necessary to make continued opera.tion of the Development financially feasible and
a�y other factors deemed relevant by the Authority. Nothing herein shall be
construed to limit the exercise by the Authority of its legislative discretion
regarding provision of such additional assistance.
IN WITNESS WHER.EOF, the Authority has caused this Agreement to be duly
executed in its name and behalf and the Developer has caused this Agreement to be
duly executed as of the day and year first abone written.
SJH75251 7
R8230-2
DEVELOPER ROSEMOUNT PORT AUTHORITY
sy:
Dr. Kurt Walter-Hansen Chairperson
By:
Dr. Patricia Ann Walter Executive Director
STATE OF MINNESOTA )
COUNTY OF
,
The foregoing instrument was acknowledged before me this day of
, 1994, by Kurt Walter-Hansen and Patricia Ann Walter.
Notary Public
STATE OF MINNESOTA )
) ss.
COUNTY OF DAKOTA )
On this day of , 1994, before me, a notary public within
and for Dakota County, personally appeared Kevin Carroll and Thomas D. Burt to
me personally known who by me duly sworn, did say that they are the Chairperson
and Executive Director of the Rosemount Port Authority, (the "Authority") named
in the foregoing instrument; that the seal affixed to said instrument is the seal of
said Authority; that said instrument was signed and sealed on behalf of said
Authority pursuant to a resolution of its governing body; and said Kevin Carroll and
Thomas D. Burt acknowledged said instrument to be the free act and deed of said
Authority.
Notary Public
THIS INSTRUMENT WAS DRAFTED BY:
Holmes & Graven, Chartered
470 Pillsbury Center
Minneapolis, MN 55402
(612) 337-9300
8JB75251 •
RB230-2 8
EXHIBIT A
DESCRIPTION OF PROPERTY
SJH75251
xsa3o-z A—1
EXHIBIT B
- DESCRIPTION OF DEVELOPMENT
See the site plan for the Property approved by the Rosemount Planning
Commission on August 16, 1994, on file in City Hall.
SJ875251
R8230-2 B�1
EXHIBIT C
QUIT CLAIM DEED
THIS INDENTURE between the Rosemount Port Authority, a public body
corporate and politic (the "Grantor"), and Dr. Kurt Walter-Hansen and Dr. Patricia
Ann Walter as joint tenants and not as tenants in common (the "Grantee").
WITNESSETH, that Grantor, in consideration of the sum of one dollar ($1) and
other good and valuable consideration the receipt whereof is hereby acknowledged,
does hereby grant, bargain, quitclaim and convey to the Grantee, its suecessors and
assigns forever, all the tract or parcel of land lying and being in the County of
Dakota and State of Minnesota described as follows, to-wit (such tract or pareel of
land is hereinafter referred to as the "Property"):
To have and to hold the same, together with all the hereditaments and
appurtenances thereunto belonging in anyway appertaining, to the said Grantee, its
successors and assigns, forever,
Provided:
SECTION 1.
It is understood and agreed that this Deed is subject to the covenants,
conditions, restrictions and provisions of an agreement entered into between the
Grantor and Gra.ntee on the day of , 1994, identified as
"Development Agreement" (hereafter referred to as the "Agreement") and that the
Gra.ntee shall not convey this Property, or any part thereof, except as permitted by
the Agreement until a certificate of completion releasing the Grantee from certain
obligations of said Agreement as to this Property or such part thereof then to be
conveyed, has been placed of record. This provision, however, shall in no way
prevent the Grantee from mortgaging this Property in order to obtain funds for the
purchase of the Property hereby conveyed or for erecting improvements thereon in
conformity with the Agreement, any applicable development program and applicable
provisions of the zoning ordinance of the City of Rosemount, Minnesota, or for the
refinancing of the same.
It is specifically agreed that the Grantee shall promptly begin and diligently
prosecute to completion the development of the Praperty through the construction
of the improvements thereon, as provided in the Agreement.
Promptly after completion of the improvements in accordauce with the
provisions of the Agreement, the Grantor will furnish the Grantee with an
appropriate instrument so certifying. Such certification by the Grantor shall be
(and it shall be so provided in the certification itself) a conclusive determination of
satisfaction and termination of the agreements and covenants of the Agreement and
of this Deed with respect to the obligation of the Grantee, and its successors and
assigns, to construqt the improvements and the dates for the beginning and
completion thereof. Such certification and sueh determination shall not constitute
evidence of compliance with or satisfaction of any obligation of the Grantee to any
holder of a mortgage, or any insurer of a mortgage, securing money loaned to
SJB75251
R8230-2 C�1
finance the purchase of the Property hereby conveyed or the improvements, or any
part thereof.
All certifications provided for herein shall be in such form as will enable them
to be recorded with the County Recorder, or Registrar of Titles, Dakota County,
Minnesota. If the Grantor shall refuse or fail to provide any such certification in
accordance with the provisions of the Agreement and this Deed, the Grantor shall,
within thirty (30) days after written request by the Grantee, provide the Grantee
with a written statement indicating in adequate detail in what respects the Grantee
has failed to complete the improvements in accordance with the provisions of the
Agreement or is otherwise in default, and what measures or acts it will be necessary,
in the opinion of the Grantor, for the Grantee to take or perform in order to obtain
such certification.
SECTION 2.
In the event the Grantee herein shall, prior to the recording of the certificate
of completion hereinabove referred to, fail to comply with any of its covenants.under
the Agreement and fail to cure any such noncomplianee or breach within �Q days
after written demand from the Grantor to the Grantee to do so, then the �rantor
shall have the right to re-enter and take possession of the Property and to terminate
and revest in the Grantor the estate conveyed by this Deed to the Grantee, its
assigns or successors in interest, but only if the event of default has not been cured
within the time periods provided above.
SECTION 3.
This Deed is also given subject to:
(a) Covenants, conditions and restrictions contained in the
Redevelopment Plan for the ftosemount Redevelopment Project, as amended as
of the date of the Agreement.
(b) Provision of the ordinanees, building and zoning laws of the City
of Rosemount, state and federal laws and regulations in so far as they affect
this real estate.
Grantor certifies that it does not know of any wells on the Property.
SJS75251
xsz3o-z C-2
IN WITNESS WHEREOF, the Grantor has caused this Deed to be duly executed in its
behalf by its Chairperson and Executive Director and has caused its corporate seal
to be hereunto affixed this day of , 1994.
ROSEMOUNT PORT AUTHOR.ITY
By
Its Chairperson
By
Its Executive Director
STATE OF MINNESOTA )
) ss.
COUNTY OF DAKOTA )
On this day of , 1994, before me, a notary public within
and for Dakota County, personally appeared Kevin Carroll and Thomas D. Burt to
me personally known who by me duly sworn, did say that they are the Chairperson
and Executive Director of the Rosemount Port Authority, (the "Authority") named
in the foregoing instrument; that the seal affixed to said instrument is the seal of
said Authority; that� said instrument was signed and sealed on behalf of said
Authority pursuant to a resolution of its governing body; and said Kevin Carroll and
Thomas D. Burt acknowledged said instrument to be the free act and deed of sa.id
Authority.
Notary Publie
This instrument was drafted by:
Holmes & Graven, Chartered
470 Pillsbury Center
Minneapolis, Minnesota 55402
SJS?5251
xs2ao-a C-3
EXHIBIT D
EAS�dENT
THIS INDENTURE is made this day of , 1994 by and between
Dr. Kurt Walter-Hansen and Dr. Patricia Ann Walter as joint tenants (Grantor) and
CITY OF ROSEMOUNT, a Minnesota municipal corporation (Grantee).
Recitals
The Grantor is the owner of certain real property (the "Property") in the City of
Rosemount, County of Dakota, State of Minnesota, described as set forth in Exhibit
A hereto.
Grantee desires to acquire, and Grantor desires to convey to Grantee, a perpetual
easement for public p�rking and access purposes over, under and across a portion
of the Property, subjeet to all the terms and conditions of this Indenture.
Easement
A. In consideration of one ($1.00) dollar, and other good and valuable
consideration, the receipt and sufficiency of which Grantor hereby
acknowledges, the Grantor hereby grants and conveys to Grantee for the
benefit of the public a perpetual, nonexclusine easement over and across that
part of the Property described as set forth in Exhibit B (the "Easement
Property"), for the purposes set forth in paragraph B hereof.
B. The Easement Property may be used by Grantee and the public generally:
(1) for public parking by visitors to the Erickson Community Square
Park adjacent to the Property during any hours other than 8:00 a.m.
through 6:00 p.m. , Monday through Friday; and
(2) at all times, for pedestrian and bicycle aecess to the public trail
and Erickson Community Square Park adjacent to the Property.
[Note: this section may need better descriptions of the property to be
accessed.]
C. Grantee may, at its own cost, install and maintain reasonable signage on the
t Pro ert describin the ,rights.::of...parking:::and...access:...�ranted
Easemen.:.,...;::::.<p,;.:::::«y.>:�:>:;::::>::>:::::..::;;;<�:»»:<�,::::�: >. . .::..:::::.: . �it���!�
.:�:: ;_: : ����::�:<:�.#�:::�:�:,�'�..,�,��:_:�
herei. :;:;:. , ..:��:.; .�c��::� : .x�;��::�: <;�:��..:.::::....:.::::::. , <
n;: ::>:�'G�� �::::..:.... �...::::::::.:.�::_._..:._�'::>:-><::::::::.;;:.:.::......::::..� ..: .:�.;��.,.:..:..>�.:::>;�:.;......:.:,.>.;..... .:<>:.:::::�:�:>�::::h:,:.>..
:.:::::::.:::::::>:<::;<�::>::>::>:::::>::�:r:<:::>::»;.«:::_�:<<:;::::::::::<:rN� .�;:;:.:.::., �_ ..:�:;:;...::::::::.:::.::....�,�...:.. . ;: .:.:.�:..:.:
+c�:��� .>::�. :. ..:.:.;:>::.. . ��-- � �#.�.��.�.
:.:: :. :�::�k��:�:;:� :: :���:::::..:.:.....:::::.:..:.:.:>=�:�>:::.:::::�a�:��a� ...............
;.��.�.�>:.::.;:.::::.;::.;>:::::::::�:.:�;:::>:.:::::.:::::::.::::::::::.... : .,..v:........,.......
D. Grantor shall, at its own cost, maintain the Easement Property for use as a
parking lot, including without limitation maintenance of paved surfaces and
parking space striping.
E. This easement shall run with the land and shall bind and inure to the benefit
of Grantee, its successors and assigns.
IN WITNESS WHEREOF, Gra.ntor has caused this instrument to be executed on
or as of the day and year first above written.
SJB75251
xaz3o-2 D-1
GAANTOR
Dr. Kurt Walter-Hansen
Dr. Patricia Ann Walter
STATE OF MINNESOTA )
) ss.
COUNTY OF )
The foregoing instrument was aeknowledged before me this day of
, 1994, by Dr. Kurt Walter-Hansen and Dr. Patricia Ann Walter.
Notary Public
This document drafted by:
HOLMES & GftAVEN, .CHARTERED
470 Pillsbury Center
Minneapolis, MN 55402
{612) 337-9300
SJH75251
asaao-a D—Z
EXHIBIT A TO EASEMENT
DESCRIPTION OF PBOPERTY
SJB75251
xss3o-z A-1
EXHIBIT B TO EASIIU�NT
DESCRIPTION OF EASEMENT FR.OPEBTY
8JB75251
R8230-2 B�1
MEMO
TO: Ron Wasmund, Community Development Director
FROM: John Miller, Economic Development Coordinator •
\�
DATE: September 29, 1994
RE: Proposed Schedule for Approvals for Betty Jds Dance Center
On Monday, September 26, we met with Rick Pearson and Steven and Betty Jo Schmitt.
Our discussion covered issues relating to Betty Jo's Dance Center discussed at the port
authority's September 18 meeting.
At the meeting's conclusion we discussed a possible time schedule for completing the
paperwork necessary for the relocation of the dance studio to the Schneider property. Here
is a summary of that schedule:
1. October 4. Public heari.ng before the port authority on the sale of the land to the
Schmitts.
2. October 4. Port authority considers development agreement. The agreement can
receive fmal approval on October 4 or October 18 without delaying the
project.
3. October 4. City council sets public hearing for preliminary plat.
4. October 11. Planning commission considers site plan and preliminary plat.
5. October 18. Port authority considers site plan.
6. October 18. Public hearing on preliminary plat by city council.
7. October 18. City council approval of fmal plat.
8. October 19. Closing on property transferring land from the port authority to the
Schmitts.
9. October 19. Schmitts receive building permit.
This schedule of course is tentative and among other things is contingent upon timely and
accurate submittal of materials by Betty Jo and Steven Schmitt.
dw