HomeMy WebLinkAbout06-072
• CITY OF LAKEVILLE
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO. 06-72
RESOLUTION WAIVING CERTAIN CONDITIONS UNDER THE
CONTRACT FOR PRIVATE DEVELOPMENT BETWEEN TIIE CITY AND
LTF REAL ESTATE COMPANY, INC.
WHEREAS, the Cityand LTF Real Estate Company,. Inc., entered into a Contract for
Private Development ("Contract"); and
WHEREAS, Section 3.2(a)(ii) - (iii) of the Contract provide that the City's obligation to
convey Property under the terms of the Contract are subject to Developer securing certain approvals
and permit from the. City;
WHEREAS, the City may waive conditions under Section 3.2(a) of the Contract in writing;
WHEREAS, Developer desires to close on the sale of the Property and begin grading prior
to obtaining a building permit and approval of the Construction Plans for the .Minimum
Improvements;
WHEREAS, the .City is willing to waive the requirements that the conditions under
3.2(a)(i)-(iii) be met prior to Closing;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville,
Minnesota:
The City hereby waives the requirement that the conditions provided under .Section 3.2(ii) -
(iii) be met prior to Closing of the Contract and .the sale of the Property. The City does not waive
these conditions as requirements under the terms of the Contract, merely the requirement that the
conditions be completed prior to Closing.
ADOPTED this 5~' day of June 2006, by the City Council of the City of Lakeville,
Minnesota.
CITY OF LAKEVILLE
BY: ~
Robert D. J son, May r
EST:
•
Charlene Friedges, City Jerk
125426 1