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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 L. A,tt.~t;,, e 1 v ,~ Patricia Muscovitz, CMC ~., City Clerk `