HomeMy WebLinkAboutItem 06.eJune 28, 2011 Item No.
JULY 5, 2011 CITY COUNCIL MEETING
RELEASE OF DEVELOPMENT CONTRACT
Proposed Action
Staff recommends adoption of the following motion: Move to approve the release of
development contract for Outlot A, Lakeway Park East Campus.
Adoption of this motion will formally release the owner of Outlot A from the Lakeway Park East
Campus development contract recorded against the property title.
Overview
Staff has received a request to release Outlot A, Lakeway Park East Campus from the
development contract. The Lakeway Park East Campus final plat was approved in 2000 and
included two Tots and two outlots. Outlot A was designated for a future high density residential
development and is currently zoned RH -1, Multiple Family Residential District. Releasing Outlot
A from the Lakeway Park East Campus development contract does not eliminate the property
owner's responsibility to pay the development fees, such as park dedication and the storm
sewer area charge, required at the time the outlot is final platted into lots and blocks.
The City Attorney has drafted the release of development contract for the Mayor and City
Clerk's signature. Staff recommends approval.
Primary Issues to Consider
How will the release of development contract for Outlot A affect the remaining undeveloped
parcels in Lakeway Park East Campus?
• The release of Outlot A from the Lakeway Park East Campus development contract will
not affect development contract obligations of the remaining lots in this plat.
Supporting Information
• Release of development contract
Lakeway Park East Campus final plat
Daryl ng Director
Financial Impact: $ N/A Budgeted: Y/N Source:
Related Documents (CIP, ERP, etc.):
Notes:
(reserved for recording information)
RELEASE OF
DEVELOPMENT CONTRACT
RELEASE of Development Contract granted this day of
2011, by the CITY OF LAKEVILLE, a Minnesota municipal corporation ( "City ").
Recitals
A. The City and Lakeville "385" have entered into a Development Contract dated
September 5, 2000, for the plat of LAKEWAY PARK EAST CAMPUS, recorded September 27, 2000, as
Torrens Document No. 427341.
B. The City has been requested to grant a release for Outlot A, LAKEWAY PARK EAST
CAMPUS.
C. The Development Contract authorizes the City to release lots and outlots from the
Development Contract.
158264v01
SRN:06 /20/2011
NOW, THEREFORE, BE IT RESOLVED by the City of Lakeville:
1. With the exception of levied and pending special assessments, if any, the foregoing
outlot is released from the financial obligations assumed by the Developer in conjunction with the
development of public improvements in the plat.
2. This release does not waive any fees which are required to be paid as a part of the
building permit application.
1
LKVL:LAKEWAY PARK EAST CAMPUS
(Release of Outlot A from DevK)
Dated this day of , 2011.
(SEAL)
STATE OF MINNESOTA
COUNTY OF DAKOTA
DRAFTED BY:
CAMPBELL KNUTSON
Professional Association
1380 Corporate Center Curve
317 Eagandale Office Center
Eagan, Minnesota 55121
Telephone: (612) 452 -5000
RNK:srn
158264v01
SRN:06 /20/2011
CITY OF LAKEVILLE
BY:
Mark Bellows, Mayor
AND
2
Charlene Friedges, City Clerk
The foregoing instrument was acknowledged before me this day of
LKVL:LAKEWAY PARK EAST CAMPUS
(Release of Outlot A from DevK)
2011, by Mark Bellows and by Charlene Friedges, the Mayor and City Clerk of the City of
Lakeville, a Minnesota municipal corporation, on behalf of the corporation and pursuant to authority
granted by the its City Council.
NOTARY PUBLIC
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