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HomeMy WebLinkAboutCity Council Resolution 2016-169 C ITY OF P LYMOUTH R ESOLUTION N O. 2016-169 A PPROVING R E-A SSIGNMENT OF D EVELOPMENT C ONTRACTS FOR THE B RYNWOOD D EVELOPMENT (2013095, 2015027, AND 2015095) WHEREAS, K. Hovnanian Homes and D.R. Horton Homes have requested re-assignment of the nd development contracts for Brynwood and Brynwood 2 via an “Assignment of Development Contract”. WHEREAS, K. Hovnanian Homes and D.R. Horton Homes have requested amendment to the rd approved, but not yet signed or recorded, development contract for Brynwood 3 Addition to change the name of the Developer on Pp. 1 and 13 from K. Hovnanian to D.R. Horton. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA, that it should and hereby does approve re-assignment of the development contracts for the Brynwood development. FURTHER, the Mayor and Manager are hereby authorized to sign the “Assignment of nd Development Contract” for Brynwood and Brynwood 2 Addition on behalf of the City, upon prior execution by the Developer and Successor Developer. FURTHER, Pp. 1 and 13 of the approved, but not yet signed or recorded, development contract rd for Brynwood 3 Addition is hereby amended to change the name of the Developer from K. Hovnanian to D.R. Horton. APPROVED by the City Council on this 24th day of May, 2016. 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 May 24, 2016, 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