09-26CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2009-26
RESOLUTION AUTHORIZING PURCHASE OF CERTAIN REAL PROPERTY
FOR PARK PURPOSES
WHEREAS, the City of Otsego (City)has made an offer to purchase certain property
from U.S. Homes DBA Lennar (Lennar), based upon Lennar approaching the City with a
proposal to sell the property; and
WHEREAS, the property is legally described as OUTLOT B, RIVER PLACE THIRD
ADDITION, CITY OF OTSEGO, WRIGHT COUNTY, MINNESOTA; and
WHEREAS, the City Park and Recreation Commission reviewed the site for park
purposes, and the City Council has determined that it is an appropriate site for a park and
in conformance with adopted City Park Plans as well as the City Comprehensive Plan;
and
WHEREAS, acquisition of the property at this time would allow the City to proceed
immediately to construct a park in this area of the City; and
WHEREAS, the terms and conditions of the sale are reasonable and allow the City to
utilize credits towards future park and trail dedication for lots preliminarily platted by
Lennar instead of cash for a portion of the purchase price; and
WHEREAS, the City specifically affirms the property acquisition to be in conformance
with the City Comprehensive Plan and waives any requirement that the purchase be
reviewed by the City Planning Commission; and
WHEREAS, the City Council has determined that the property is needed for park
purposes and that the City has sufficient Park and Trail funds available to purchase and
develop the Outlot as a park.
NOW, THEREFORE be it resolved by the City Council of the City o Otsego,
Minnesota as follows:
1. The City Council approves the purchase of the property described above for the
purchase price of $350,000.00.
2. Payment to Lennar shall be structured as follows; $260,680.00 to be paid in cash
prior to or at the date of closing and $89,320.00 in the form of credits against Park
and Trail fees to be paid in the present and future.
3. The City Council approves the form of the Purchase Agreement attached hereto as
Exhibit A, subject to modifications as approved by the City Attorney.
4. The City Council hereby authorizes and directs the Mayor and City Clerk to
execute the Purchase Agreement in final form.
5. The City Council hereby authorizes the Mayor, City Clerk and any other officer
of the City to execute any and all documents necessary to effectuate the purchase.
ADOPTED this 10th day of August, 2009 by the Otsego City Council.
IN FAVOR: Mayor Jessica Stockamp; Councilmembers: Vern Heidner, Mark Thorsted
and Tom Darkenwald.
OPPOSED: None.
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Tami I LiY, City Clerk