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HomeMy WebLinkAboutCity Council Resolution 2007-072CITY OF PLYMOUTH RESOLUTION 2007-072 AUTHORIZING THE MAYOR AND MANAGER TO EXECUTE AN AMENDED DEVELOPMENT CONTRACT FOR "PLYMOUTH CROSSROADS STATION"A REDEVELOPMENT OF THE PLYMOUTH SHOPPING CENTER AREA LOCATED SOUTH OF HIGHWAY 55 AND EAST OF COTTONWOOD LANE (2005121-F) WHEREAS, the City Council approved the Development Contract for "Plymouth Crossroads Station" between Dove Capital I, LLC and the City of Plymouth on October 24, 2006, under Resolution No. 2006-422; and WHEREAS, the developer has requested that the name on the Development Contract be assigned to a related entity named Plymouth Crossroads Station, LLC; and WHEREAS, Plymouth Crossroads Station, LLC would be required to sign an amended Development Contract for "Plymouth Crossroads Station" to indicate that Plymouth Crossroads Station, LLC would be responsible for the site work and financial guarantees in place of Dove Capital I, LLC; and WHEREAS, the amended Development Contract would also address the constriction of a retaining wall within the public right-of-way. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA, that the mayor and City Manager are authorized to execute the amended Development Contract for "Plymouth Crossroads Station". ADOPTED by the City Council on February 13, 2007. Resolution 2007-072 (2005121-F) Page 2 STATE OF MINNESOTA) COUNTY OF HENNEPIN) SS. The undersigned, being the duly qualified and appointed City Clerk of the City of Plymouth, Minnesota, certifies that I compared the foregoing resolution adopted at a meeting of the Plymouth City Council on February 13, 2007, with the original thereof on file in my office, and the same is a correct transcription thereof. WITNESS my hand officially as such City Clerk and the Corporate seal of the City this day of City Clerk