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HomeMy WebLinkAboutItem 06.s July 17, 2015 Item No. ______ JULY 20, 2015 CITY COUNCIL MEETING HERITAGE COMMMONS PARTIAL RELEASE OF DEVELOPMENT CONTRACTS PROPOSED ACTION Staff recommends adoption of the following motion: Move to approve the partial release of development contracts, release of assessment agreement, and certificate of completion forms for Heritage Commons and Heritage Commons 2nd, 3rd and 4th Additions. Adoption of this motion will provide the property owner with clear title from the obligations of the Heritage Commons development contracts that are recorded against the property to facilitate the sale of the property. OVERVIEW Representatives of the purchasers of the Heritage Commons commercial development request that the development contracts and assessment agreement be certified as complete and released from the property titles. Staff has determined that the developer has met all requirements and obligations of the development contracts and assessment agreement. The attached release forms have been prepared by the City Attorney’s office. PRIMARY ISSUES TO CONSIDER How will the release of development contracts and assessment agreement affect the remaining developed and undeveloped properties in Heritage Commons? ◊ The release of the development contracts and assessment agreement will affect only the lots currently developed within Heritage Commons. Each subsequent future development phase will require a new plat and development contract. The property is not released from the PUD provisions of the respective development contracts SUPPORTING INFORMATION ◊ Partial Release of Development Contract forms ◊ Release of Assessment form ◊ Certificate of Completion form Frank Dempsey, AICP, Associate Planner Financial Impact: $ None Budgeted: Y/N ____ Source: ____________________________ Related Documents (CIP, ERP, etc.): _All phases of the Heritage Commons Development Contracts_____ Notes: _Envision Lakeville Community Values: Diversified Economic Development__________________ 1 182544v1 (reserved for recording information) PARTIAL RELEASE OF DEVELOPMENT CONTRACT RELEASE granted ______________________, 2015, by the CITY OF LAKEVILLE, a Minnesota municipal corporation ("City"). WHEREAS, the City and Heritage Commons, LLC, a Minnesota limited liability company (“Heritage”) have entered into a Development Contract and Planned Unit Development Agreement dated February 20, 2007, filed for record April 20, 2007 as Document No. 2510996 as amended by the First Amendment to Development Contract and Planned Unit Development Agreement dated April 21, 2008, filed for record June 2, 2008, as Document No. 2593984 (collectively referred to herein as “Heritage Commons 3rd Addition Contract”). WHEREAS, the City has been requested to release certain property from the Heritage Commons 3rd Addition Contract; NOW THEREFORE, be it resolved by the Lakeville City Council: 1. The following property is released from the Heritage Commons 3rd Addition Contract, except as provided in Paragraph 2 of this release: Lot 1 Block 1, Heritage Commons 3rd Addition, Dakota County, Minnesota, according to the recorded plat thereof; (“Subject Property”). 2 182544v1 2. The Subject Property is not released from the planned unit development provisions of the Heritage Commons 3rd Addition Contract, including but not limited to, Paragraphs 21 and Paragraph 30(u) of the Heritage Commons 3rd Addition Contract. ADOPTED this _____ day of _______________, 2015. CITY OF LAKEVILLE BY: _______________________________________ Matt Little, Mayor (SEAL) AND ______________________________________ Charlene Friedges, City Clerk STATE OF MINNESOTA ) )ss. COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this _______ day of __________________, 2015, by Matt Little and Charlene Friedges, respectively the Mayor and City Clerk of the City of Lakeville, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. ___________________________________________ Notary Public THIS INSTRUMENT WAS DRAFTED BY: CAMPBELL KNUTSON Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, Minnesota 55121 651-452-5000 AMP/cjh 1 182559v1 (reserved for recording information) PARTIAL RELEASE OF DEVELOPMENT CONTRACT RELEASE granted ______________________, 2015, by the CITY OF LAKEVILLE, a Minnesota municipal corporation ("City"). WHEREAS, the City, Heritage Commons, LLC, a Minnesota limited liability company (“Heritage”) and Lakeville Five, Inc., a Minnesota corporation (“Lakeville Five”) have entered into a Planned Unit Development/Conditional Use Permit/Development Contract dated September 7, 1999, filed for record January 7, 2000 as Document No. 1664610 (“Heritage Commons Contract”); WHEREAS, the City has been requested to release certain property from the Heritage Commons Contract; NOW THEREFORE, be it resolved by the Lakeville City Council: 1. The following property is released from the Heritage Commons Contract, except as provided in Paragraph 2 of this release: Lot 1, Block 1 and Outlot C, Heritage Commons, Dakota County, Minnesota, according to the recorded plat thereof Lot 1, Block 1, Heritage Commons 2nd Addition, Dakota County, Minnesota, according to the recorded plat thereof; Lot 1 Block 1, Heritage Commons 3rd Addition, Dakota County, Minnesota, according to the recorded plat thereof; Lot 1, Block 1, Outlot A, Heritage Commons 4th Addition, Dakota County, Minnesota, according to the recorded plat thereof; (“Subject Property”); 2 182559v1 and financial obligations of the Heritage Commons Contract, excluding the planned unit development and conditional use provisions, Subject Property is hereby released and discharged from the Heritage Commons Contract, except as provided in Paragraph 2 of this Release. 2. The Subject Property is not released from the planned unit development and conditional use provisions of the Heritage Commons Contract, including but not limited to, Paragraph 27E of the Heritage Commons Contract. ADOPTED this _____ day of _______________, 2015. CITY OF LAKEVILLE BY: _______________________________________ Matt Little, Mayor (SEAL) AND ______________________________________ Charlene Friedges, City Clerk STATE OF MINNESOTA ) )ss. COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this _______ day of __________________, 2015, by Matt Little and Charlene Friedges, respectively the Mayor and City Clerk of the City of Lakeville, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. ___________________________________________ Notary Public THIS INSTRUMENT WAS DRAFTED BY: CAMPBELL KNUTSON Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, Minnesota 55121 651-452-5000 AMP/cjh 1 182545v1 (reserved for recording information) PARTIAL RELEASE OF DEVELOPMENT CONTRACT RELEASE granted ______________________, 2015, by the CITY OF LAKEVILLE, a Minnesota municipal corporation ("City"). WHEREAS, the City and Heritage Commons, LLC, a Minnesota limited liability company (“Heritage”) have entered into a Development Contract dated February 3, 2003, filed for record April 28, 2003 as Document No. 2037854 (“Heritage Commons 2nd Addition Contract”). WHEREAS, the City has been requested to release certain property from the Heritage Commons 2nd Addition Contract; NOW THEREFORE, be it resolved by the Lakeville City Council: 1. The following property is released from the Heritage Commons 2nd Addition Contract: Lot 1, Block 1, Heritage Commons 2nd Addition, Dakota County, Minnesota, according to the recorded plat thereof; Lot 1 Block 1, Heritage Commons 3rd Addition, Dakota County, Minnesota, according to the recorded plat thereof; 2 182545v1 ADOPTED this _____ day of _______________, 2015. CITY OF LAKEVILLE BY: _______________________________________ Matt Little, Mayor (SEAL) AND ______________________________________ Charlene Friedges, City Clerk STATE OF MINNESOTA ) )ss. COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this _______ day of __________________, 2015, by Matt Little and Charlene Friedges, respectively the Mayor and City Clerk of the City of Lakeville, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. ___________________________________________ Notary Public THIS INSTRUMENT WAS DRAFTED BY: CAMPBELL KNUTSON Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, Minnesota 55121 651-452-5000 AMP/cjh 1 182543v1 (reserved for recording information) PARTIAL RELEASE OF DEVELOPMENT CONTRACT RELEASE granted ______________________, 2015, by the CITY OF LAKEVILLE, a Minnesota municipal corporation ("City"). WHEREAS, the City and Green Planet Holdings, LLC, a Minnesota limited liability company (“Heritage”) have entered into a Development Contract and Planned Unit Development Agreement dated August 8, 2008, filed for record April 28, 2009 as Document No. 2653014 (“Heritage Commons 4th Addition Contract”). WHEREAS, the City has been requested to release certain property from the Heritage Commons 4th Addition Contract; NOW THEREFORE, be it resolved by the Lakeville City Council that the following property is released from the Heritage Commons 4th Addition Contract: Lot 1, Block 1, and Outlot A, Heritage Commons 4th Addition ADOPTED this _____ day of _______________, 2015. CITY OF LAKEVILLE BY: _______________________________________ Matt Little, Mayor (SEAL) AND ______________________________________ Charlene Friedges, City Clerk 2 182543v1 STATE OF MINNESOTA ) )ss. COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this _______ day of __________________, 2015, by Matt Little and Charlene Friedges, respectively the Mayor and City Clerk of the City of Lakeville, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. ___________________________________________ Notary Public THIS INSTRUMENT WAS DRAFTED BY: CAMPBELL KNUTSON Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, Minnesota 55121 651-452-5000 AMP/cjh 182546v1 1 RELEASE OF ASSESSMENT AGREEMENT RECITALS: A. The City of Lakeville, a Minnesota municipal corporation (hereinafter referred to as "City"), and Lakeville Five, Inc., a Minnesota corporation entered into an Assessment Agreement dated December 3, 1997 and filed for record with the Dakota County Recorder on March 2, 1998, as Document No. 1480203 (“Assessment Agreement”); B. The City has been requested to release the property legally described on Exhibit A attached hereto (“Subject Property”) from the Assessment Agreement; and C. The City is satisfied that the terms of the Assessment Agreement have been satisfied. NOW THEREFORE, BE IT KNOWN AS FOLLOWS: The Subject Property is hereby released from the Assessment Agreement. CITY OF LAKEVILLE BY: _____________________________________ Matt Little, Mayor (SEAL) AND_____________________________________ Charlene Friedges, City Clerk 182546v1 2 TATE OF MINNESOTA ) )ss. COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this _______ day of __________________, 2015, by Matt Little and Charlene Friedges, respectively the Mayor and City Clerk of the City of Lakeville, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. __________________________________________ Notary Public THIS INSTRUMENT WAS DRAFTED BY: CAMPBELL KNUTSON Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, Minnesota 55121 651-452-5000 AMP/cjh 182546v1 3 EXHIBIT A Parcel 1: That part of the NE 1/4 of the NW 1/4 of Section 29, Township 114, Range 20, Dakota County, Minnesota, described as follows: Commencing at the Northeast corner of said NE 1/4 of the NW 1/4 of Section 29; thence South 00 degrees 17 minutes 49 seconds East, assumed bearing, along the East line of said NE 1/4 of the NW 1/4 a distance of 1264.28 feet to the Northerly right-of-way line of Minnesota Trunk Highway No. 50; thence South 88 degrees 47 minutes 53 seconds West, along said highway right-of-way line a distance of 625.20 feet to the actual point of beginning; thence North 00 degrees 17 minutes 49 seconds West, parallel with the East line of said NE 1/4 of the NW 1/4 a distance of 200.15 feet; thence South 89 degrees 05 minutes 27 seconds West a distance of 374.36 feet; thence North 65 degrees 11 minutes 20 seconds West a distance of 80.00 feet; thence North 38 degrees 40 minutes 44 seconds West a distance of 68.00 feet to a point on the Easterly extension of the North line of the property described on Warranty Deed dated September 27,1983, and recorded in the Dakota County Recorder's Office as Document No. 643428; thence South 89 degrees 17 minutes 08 seconds West a distance of 12.68 feet to the Northeasterly corner of the property described on said Document No. 643428; thence South 38 degrees 40 minutes 44 seconds East along the Northeasterly line of the property described on said Document No. 643428 a distance of 183.19 feet; thence South 00 degrees 42 minutes 52 seconds East along the Easterly line of the property described on said Document No. 643428 a distance of 124.97 feet to the Northerly right-of-way line of said Minnesota Trunk Highway No. 50; thence Easterly along said right-of-way line a distance of 387.80 feet to the actual point of beginning. Abstract Property Parcel 2: That part of the NE 1/4 of the NW 1/4 of Section 29, Township 114, Range 20, Dakota County, Minnesota, described as follows: Commencing at the Northeast corner of said NE 1/4 of the NW 1/4 of Section 29; thence South 00 degrees 17 minutes 49 seconds East, assumed bearing along the East line of the said NE 1/4 of the NW 1/4 a distance of 1264.28 feet to the Northerly right-of-way line of Minnesota Trunk Highway No. 50; thence South 88 degrees 47 minutes 53 seconds West, along said highway right-of-way line, a distance of 735.70 feet; thence Westerly along the said highway right-of-way line on a tangential curve to the right having a radius of 1839.86 feet, a distance of 277.30 feet to the actual point of beginning; thence continue Westerly along the said highway right-of-way line and along the afore described curve to the right having a radius of 1839.86 feet, a distance of 140.00 feet to the point where said right-of- way line deflects to the Northwest; thence North 38 degrees 40 minutes 44 seconds West along said right-of-way line a distance of 157.66 feet to the point where said right-of-way line deflects to the North; thence North 00 degrees 42 minutes 52 seconds West along said right-of-way line a distance of 120.00 feet; thence North 89 degrees 17 minutes 08 seconds East a distance of 121.99 feet; thence South 38 degrees 40 minutes 44 seconds East a distance of 183.19 feet; thence South 00 degrees 42 minutes 52 seconds East a distance of 124.97 feet to the actual point of beginning, Dakota County, Minnesota. Abstract Property 182546v1 4 Parcel 3: Lot 1, Block 1, and Outlot C, Heritage Commons, Dakota County, Minnesota, recorded as Document No. 1662089 in Book Thirty-Seven of Plats, Page 27 Lot 1, Block 1, Heritage Commons 2nd Addition, Dakota County, Minnesota, recorded as Document No. 2037852 in Book Forty-Three of Plats, Page 42 Lot 1, Block 1, Heritage Commons 3rd Addition, Dakota County, Minnesota, recorded as Document No. 2510994 in Book Fifty of Plats, Page 23 Lot 1, Block 1 and Outlot A, Heritage Commons 4th Addition, Dakota County, Minnesota, recorded as Document No. 2653013 in Book Fifty-Two of Plats, Page 14 Abstract 1 182509v1 CERTIFICATE OF COMPLETION WHEREAS, the City of Lakeville, Minnesota, a Minnesota municipal corporation ("City"), has entered into that certain Redevelopment Agreement dated February 17, 1998 and filed for record with the Dakota County Recorder on November 12, 1998, as Document No. 1550311 ("Agreement") with Lakeville Five, Inc., a Minnesota corporation ("Owner"), and Aurora Investments, LLC, a Minnesota limited liability company ("Redeveloper"); and WHEREAS, the Agreement provided the redevelopment of a parcel of land as legally described in Exhibit "A", located at the northeast corner of the intersection of 202nd Street and Dodd Boulevard; and WHEREAS, Redeveloper has complied with all terms and conditions of the Agreement; NOW, THEREFORE, pursuant to Section 4.2 of the Agreement, the undersigned, on behalf of the City, certify that the Redeveloper has complied with all terms and conditions of the Agreement. THIS CERTIFICATE SHALL BE CONCLUSIVE DETERMINATION OF THE SATISFACTION AND TERMINATION OF THE AGREEMENTS AND COVENANTS IN THE AGREEMENT. Dated: ______________________, 2015. CITY OF LAKEVILLE By: _______________________________ Matt Little, Mayor By:________________________________ Charlene Friedges, City Clerk STATE OF MINNESOTA ) ) ss. COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this ______ day of ____________, 2015, by Matt Little and by Charlene Friedges, respectively the Mayor and City Clerk of the CITY OF LAKEVILLE, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. __________________________________ Notary Public 2 182509v1 EXHIBIT A Parcel 1: That part of the NE 1/4 of the NW 1/4 of Section 29, Township 114, Range 20, Dakota County, Minnesota, described as follows: Commencing at the Northeast corner of said NE 1/4 of the NW 1/4 of Section 29; thence South 00 degrees 17 minutes 49 seconds East, assumed bearing, along the East line of said NE 1/4 of the NW 1/4 a distance of 1264.28 feet to the Northerly right-of-way line of Minnesota Trunk Highway No. 50; thence South 88 degrees 47 minutes 53 seconds West, along said highway right-of-way line a distance of 625.20 feet to the actual point of beginning; thence North 00 degrees 17 minutes 49 seconds West, parallel with the East line of said NE 1/4 of the NW 1/4 a distance of 200.15 feet; thence South 89 degrees 05 minutes 27 seconds West a distance of 374.36 feet; thence North 65 degrees 11 minutes 20 seconds West a distance of 80.00 feet; thence North 38 degrees 40 minutes 44 seconds West a distance of 68.00 feet to a point on the Easterly extension of the North line of the property described on Warranty Deed dated September 27,1983, and recorded in the Dakota County Recorder's Office as Document No. 643428; thence South 89 degrees 17 minutes 08 seconds West a distance of 12.68 feet to the Northeasterly corner of the property described on said Document No. 643428; thence South 38 degrees 40 minutes 44 seconds East along the Northeasterly line of the property described on said Document No. 643428 a distance of 183.19 feet; thence South 00 degrees 42 minutes 52 seconds East along the Easterly line of the property described on said Document No. 643428 a distance of 124.97 feet to the Northerly right-of-way line of said Minnesota Trunk Highway No. 50; thence Easterly along said right-of-way line a distance of 387.80 feet to the actual point of beginning. Abstract Property Parcel 2: That part of the NE 1/4 of the NW 1/4 of Section 29, Township 114, Range 20, Dakota County, Minnesota, described as follows: Commencing at the Northeast corner of said NE 1/4 of the NW 1/4 of Section 29; thence South 00 degrees 17 minutes 49 seconds East, assumed bearing along the East line of the said NE 1/4 of the NW 1/4 a distance of 1264.28 feet to the Northerly right-of-way line of Minnesota Trunk Highway No. 50; thence South 88 degrees 47 minutes 53 seconds West, along said highway right-of-way line, a distance of 735.70 feet; thence Westerly along the said highway right-of-way line on a tangential curve to the right having a radius of 1839.86 feet, a distance of 277.30 feet to the actual point of beginning; thence continue Westerly along the said highway right-of-way line and along the afore described curve to the right having a radius of 1839.86 feet, a distance of 140.00 feet to the point where said right-of-way line deflects to the Northwest; thence North 38 degrees 40 minutes 44 seconds West along said right-of-way line a distance of 157.66 feet to the point where said right-of-way line deflects to the North; thence North 00 degrees 42 minutes 52 seconds West 3 182509v1 along said right-of-way line a distance of 120.00 feet; thence North 89 degrees 17 minutes 08 seconds East a distance of 121.99 feet; thence South 38 degrees 40 minutes 44 seconds East a distance of 183.19 feet; thence South 00 degrees 42 minutes 52 seconds East a distance of 124.97 feet to the actual point of beginning, Dakota County, Minnesota. Abstract Property Parcel 3: Lot 1, Block 1, and Outlot C, Heritage Commons, Dakota County, Minnesota, recorded as Document No. 1662089 in Book Thirty-Seven of Plats, Page 27 Lot 1, Block 1, Heritage Commons 2nd Addition, Dakota County, Minnesota, recorded as Document No. 2037852 in Book Forty-Three of Plats, Page 42 Lot 1, Block 1, Heritage Commons 3rd Addition, Dakota County, Minnesota, recorded as Document No. 2510994 in Book Fifty of Plats, Page 23 Lot 1, Block 1 and Outlot A, Heritage Commons 4th Addition, Dakota County, Minnesota, recorded as Document No. 2653013 in Book Fifty-Two of Plats, Page 14 Abstract