HomeMy WebLinkAboutResolution No. 2008-187CITY OF COLUMBIA HEIGHTS
RESvLUTION 2vv8-ia i
A RESOLUTION APPROVING A PRELIMINARY DEVELOPMENT
AGREEMENT BY AND BETWEEN THE CITY OF COLUMBIA HEIGHTS AND
STADIUM VILLAGE PROPERTIES, LLC FOR BUILDING FACADE
IMPROVEMENTS AT 3989 CENTRAL AVENUE
WHERAS, the City of Columbia Heights is desirous of working with the property owner,
Stadium Village Properties, LLC, of an office complex located at 3989 Central Ave, and
WHEREAS, Stadium Village Properties, LLC, has proposed reconstructing their office
building facade in exchange far securing fee title to City owned property that is adjacent
to the subject building, and
WHERAS, Stadium Village Properties, LLC needs to start reconstruction before the City
has the ability to conduct all necessary transfer processes, and
WHEREAS, Stadium Village Properties, LLC desires to have the City state a position of
working towards the mutually agreed upon objective, and
WHERAS, the City views that the reconstruction serves a public benefit and as such, has
stated within an agreement entitled, "Preliminary Development Agreement by and
between the City of Columbia Heights and Stadium Village Properties, LLC", dated
August 25, 2008 the terms of having Stadium Village Properties, LLC start before a final
transaction can occur.
NOW, THEREFORE BE IT RESOLVED, by the City Council of Columbia Heights:
1. Authorization by the Mayor and City Manger to sign the agreement entitled,
"Preliminary Development Agreement by and between the City of Columbia
Heights and Stadium Village Properties, LLC.
2. Authorizing staff to proceed with all activities necessary to complete the
subject transaction.
Passed this 25t" day of August 2008
Offered By: Diehm
Second By: Kelzenberg
Roll Cail: Ayes: Peterson, Diehm, Kelzenberg Nays: Williams, Na
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,~ Patricia Muscovitz, CMC ~.,
City Clerk `