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HomeMy WebLinkAboutTermination of Contract for Private Redevelopment TERMINATION OF CONTRACT FOR PRIVATE REDEVELOPMENT THIS TERMINATION OF CONTRACT FOR PRIVATE REDEVELOPMENT ("Termination") is executed and delivered as of this --2-- day of April, 2008 by The Housing mld Redevelopment Authority in and for the City of Columbia Heights, a public body corporate illld politic under the laws of Minnesota ("Agency"). WHEREAS, Agency illld Terry Evenson, illl individual ("Redeveloper"), entered into that celiain Contract for Private Redevelopment dated June 1, 1981 ("Agreement") regmding the redevelopment of celiain propeliy as legally described on Exhibit A attached hereto ("Propeliy"). WHEREAS, the Agency acknowledges that all of the obligations of the Redeveloper set fOlih in the Agreement m'e fully performed illld that such Agreement is of no fmther force illld effect. FOR VALUABLE CONSIDERATION, the receipt illld sufficiency of which me hereby acknowledged, the Agency celiifies mld agrees as follows: 1. The Bonds (as defined in the Agreement) have been paid in full. The Matmity Date (as defined in the Agreement) has occmred. 2. The obligations of the Developer, its successors and assigns illld the successor owners of the Property under the Agreement are fully performed, and the Agreement is of no further force or effect. The Agreement shall be deemed null illld void, illld neither the Developer nor its successors mld assigns nor the successor owners of the Property shall have any further obligations thereunder. IN WITNESS WHEREOF, the Agency has executed this Tennination as of the day and yem' set forth above. AGENCY: THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR TI-IE CITY OF COLUMBIA HEIGHTS, a public body corporate '"dr'ho [,,, OfMl""Z By: /(lU.AA/VW/(f( j)(f. _i A"d:yTm=~ Walter R. Fehst, xecuflve Director STATE OF MINNESOTA ) ) ss. COUNTYOFANOKA ) The foregoing instrument was acknowledged before me this ~ day of April, 2008 by Tammera Diehm, the Chair, and Walter R. Fehst, the Executive Director, of The Housing and Redevelopment Authority in and for the City of Columbia Heights, a public body corporate and politic under the laws of Minnesota, on behalf of the public body corporate and politic. Notary~.cI. &-~ CHER'VlA.BAl<KEN NOTARY PUBliC. MINNESOTA MfCOMMISSION EXPiRE5-1/31/2012 This document drafted by: Fredrikson & Byron, P.A. (ESA) 200 South Sixth Street, Suite 4000 Mirmeapolis, MN 55402-1425 #4337196\2 EXHIBIT A LEGAL DESCRIPTION Lot 32, Block 6, Reservoir Hills. Lots 25 through 28, Block I, Walton's Rearrangement of Lots 33 and 34, Block 6, Reservoir Hills. The vacated alley adjacent to Lots 25 through 28, Block I, Walton's Rearrangement of Lots 33 and 34, Block 6, Reservoir Hills. Those pmls of Lots 28 through 31, Block 6, Reservoir I-rills, Lots 23 and 24, Block I, Walton's Rem-rangement of Lots 33 and 34, Block 6, Reservoir Hills, and of the vacated alley adjacent to Lot 24, Block 1, Walton's Rearrangement of Lots 33 and 34, Block 6, Reservoir Hills, lying Southwesterly and Westerly of the following described line: Begilming at a point on the South line of said Block 1, Walton's Rearrangement, said point being 18.00 feet West of the Southeast corner of Lot 23 of said Block 1, Walton's Rearrangement; thence Northerly on a line 18.00 feet West of and parallel with said East line of Lot 23, a distance of 87.00 feet; thence on a straight line to a point on the North line of said Lot 30 of said Block 6, Reservoir Hills, said point being 47.23 feet Easterly of the N01lhwest corner of said Lot 30, mld there terminating, all in Anoka County, Mimlesota. Reserving mld subject to easements to the City of Columbia Heights for roadway purposes over the North 4.00 feet of the West 232.00 feet of said Block 6, Reservoir I-Hils, and over the area described as follows: Beginning at the N.W. corner of Lot 30, Block 6, Reservoir Hills, thence East along the North lot line of said Lot 30 a distance of twelve (12.0) feet; thence Southerly and parallel to the West line of said Block 6 a distance of one hundred and thirty (130.0) feet; thence southwesterly in a straight line to a point two hundred twenty-five (225.0) feet from said N.W. corner of Lot 30 along the West line of Block 6, Reservoir I-Hils and Block 1, Walton's Rearrangement of Lots 33 and 34, Block 6, Reservoir Hills; thence North two hundred twenty- five (225.0) feet to the point of beginning. Reserving to the City of Columbia Heights a utility easement over, under, and across the East 15.00 feet of the West 27.00 feet of the above-described parcel. A-I