HomeMy WebLinkAbout2016-62RESOLUTION NO. 2016 -62
A resolution of the City Council of Columbia Heights, Minnesota, Ratifying Approval of a Revised Development
Contract for Plat of Huset Park Senior Living, Anoka County MN, Between the City of Columbia Heights and
Columbia Heights Leased Housing Associates I, LLLP.
WHEREAS, the City Council of Columbia Heights (the "City Council ") previously approved the Development
Contract for Plat of Huset Park Senior Living (the "Contract ") on January 11, 2016, subject to modifications
that do not alter the Contract; and
WHEREAS, the Contract has not been fully executed; and
WHEREAS, Columbia Heights Leased Housing Associates I, LLLP (the "Redeveloper ") has proposed to revise
Section 8.1 and Exhibit B of the Contract to extend the letter of credit expiration date and completion dates
due to financial delays. These revisions constitute a modification to the Contract, and as such requires the
approval by the City Council; and
WHEREAS, the City Council has reviewed he Contract as proposed to be revised and finds that the execution
thereof and performance of the City's obligations thereunder are in the best interest for the City and its
residents, and
NOW, THEREFORE BE IT RESOLVED that the City Council authorizes the Mayor and the City Manager to
execute the Development Contract for Plan of Huset Park Senior Living, Anoka County MN with Columbia
Heights Leased Housing Associates I, LLLP on behalf of the City of Columbia Heights.
ORDER OF THE CITY COUNCIL
Passed this 111h day of July, 2016
Offered by: Schmitt
Seconded by: Murzyn, Jr.
Roll Call: All Ayes
Gary L. Peterson, Mayor
Attest:
Katie Bruno, City Clerk
Resolution 2016 -62