ITEM 3.8 Otsego Waterfront 4th AdditionCITY O
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MINNESOTA 4(_7
DEPARTMENT INFORMATION
Request for
City Council Action
ORIGINATING DEPARTMENT
REQUESTOR:
MEETING DATE:
Legal
City Attorney MacArthur
June 10, 2019
PRESENTER(s)
REVIEWED BY:
ITEM #:
Consent
City Administrator/Finance Director Flaherty
3.8
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MEETS:
THE CITY OF OTSEGO:
X
Is a strong organization that is committed to leading the community through innovative
communication.
No
Has proactively expanded infrastructure to responsibly provide core services.
BACKG ROUN D/J USTI FI CATI ON:
Is committed to delivery of quality emergency service responsive to community needs and
expectations in a cost-effective manner.
Addition. Title examination of the property indicates that there are two outstanding Developers
Is a social community with diverse housing, service options, and employment opportunities.
relates specifically to the Holiday Inn property. The Developers Agreements date back to 2002 and 2003.
Is a distinctive, connected community known for its beauty and natural surroundings.
AGENDA ITEM DETAILS
RECOMMENDATION:
That the Council approve the attached Release of Developer's Agreements.
ARE YOU SEEKING APPROVAL OF A CONTRACT?
IS A PUBLIC HEARING REQUIRED?
No
No
BACKG ROUN D/J USTI FI CATI ON:
Elk Inn Partners, LLC is in the process of selling the Holiday Inn property in Otsego Waterfront Fourth
Addition. Title examination of the property indicates that there are two outstanding Developers
Agreements affecting the property, one Agreement is for the overall Otsego Waterfront and the other
relates specifically to the Holiday Inn property. The Developers Agreements date back to 2002 and 2003.
EII< Inn Partners, LLC has requested that the City release the property from the terms and conditions of
these Agreements.
I have reviewed the Developers Agreements and have checked with City staff regarding outstanding
assessments or financial obligations. All of the obligations in the two listed Agreements have been satisfied.
Therefore, City staff recommends that the City release the property from these Agreements as requested.
SUPPORTING DOCUMENTS ATTACHED:
• Release of Developers Agreements- Lot 1, Block 1, Otsego Waterfront Fourth Addition
POSSIBLE MOTION
PLEASE WORD MOTION AS YOU WOULD LIKE ITTO APPEAR IN THE MINUTES:
Motion to Approve Release of Developers Agreements- Lot 1, Block 1, Otsego Waterfront Fourth Addition.
BUDGET INFORMATION
FUNDING: BUDGETED:
N/A N/A
RELEASE OF DEVELOPER'S AGREEMENTS- LOT 1, BLOCK 1,
OTSEGO WATERFRONT FOURTH ADDITION
Let it be known, that the undersigned, does hereby certify that certain Developer's
Agreements for OTSEGO WATERFRONT as follows: DEVELOPMENT
AGREEMENT- OTSEGO WATERFRONT, dated June 10, 2002 and filed at
the Wright County Recorder's Office on August 13, 2002 as Document No.
802925 and DEVELOPMENT CONTRACT- MOTEL, WATER PARK- LOT
1, BLOCK 1, OTSEGO WATERFRONT FOURTH ADDITION, dated
November 13, 2003 and filed at the Wright County Recorder's Office on
December 2, 2003 as Document No. A 886961 which affect, involve and bring in
question the real estate, situated in the City of Otsego, County of Wright and State
of Minnesota, described as follows, to -wit:
LOT 1, BLOCK 1, OTSEGO WATERFRONT FOURTH ADDITION,
according to the plat and survey thereof on file and of record in the office of
the County Recorder in and for Wright County, Minnesota,
are hereby released as to the above described real property as all conditions of said
Developer's Agreements pertaining to the described lot have been satisfied.
CITY OF OTSEGO
Jessica Stockamp
Mayor
ATTEST
Tami Loff
City Clerk
STATE OF MINNESOTA)
) ss.
COUNTY OF WRIGHT )
The foregoing instrument was acknowledged before me this day of June,
2019, by Jessica Stockamp, Mayor and by Tami Loff, City Clerk, of the City of
Otsego, a Minnesota municipal corporation, on behalf of the City and pursuant to
the authority of the City Council.
NOTARY PUBLIC
THIS INSTRUMENT WAS DRAFTED BY:
MacArthur Law Office
Suite 103
3601 Thurston Avenue N.
Anoka, MN 55303
(763) 231-5850
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