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HomeMy WebLinkAbout25-097 Resolution Approving An Assignment of Development Contract for Muller Family Theatre SEcond Addition I (Reserved for Dakota County Recording Information) CITY OF LAKEVILLE RESOLUTION NO. 25-�� RESOLUTION APPROVING AN ASSIGNMENT OF A DEVELOPMENT CONTRACT WHEREAS, the City Council approved a Development Contract for the plat of Muller Family Theare Second Addition on December 4,2017; WHEREAS, Lot 1, Block 1, Muller Family Theatre Second Addition is under contract to be sold; WHEREAS, Paragraph 33(K) of the Developinent Contract prohibits Developer from assigning the Development Contract without the written permission of the City Council; WHEREAS, the new owners are bound by the terms of the Developinent Contract to the same extent as if they had been the original party to the Contract; NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville,Minnesota as follows: 1. The Assignment is hereby approved;and 2. The Mayor and City Clerk are hereby authorized to sign the certificate. ADOPTED by the Lakeville City Council this 7''' day of July 2025. CIT'Y OF LAKEVIL � Luke M.Hellier,Mayor 1 ATTEST: Ann Orlo sky,City Clerk STATE OF MINNESOTA) CITY OF LAKEVILLE ) I hereby certify that the foregoing Resolution No. 25-��is a true and correct copy of the resolution presented to and adopted by the City Council of the City of Lakeville at a duly authorized meeting thereof held on the 16�' day of June 2025 as shown by the minutes of said meeting in my possession. Ann Orlofsky City Clerk (SEAL) Prepared by: City of Lakeville 20195 Holyoke Avenue Lakeville,MN 55044 2