ITEM 3.5 Great River Centre of Otsego 5th Addition40
Ty O
OtSezF o
MINNESOTA C-7
DEPARTMENT INFORMATION
Request for
City Council Action
ORIGINATING DEPARTMENT
REQUESTOR:
MEETING DATE:
Legal
City Attorney MacArthur
June 24, 2019
PRESENTER(s)
REVIEWED BY:
ITEM #:
Consent
City Administrator/Finance Director Flaherty
3.5
STRATEGIC VISION
MEETS:
I THE CITY OF OTSEGO:
Is a strong organization that is committed to leading the community through innovative
communication.
Has proactively expanded infrastructure to responsibly provide core services.
Is committed to delivery of quality emergency service responsive to community needs and
expectations in a cost-effective manner.
X
Is a social community with diverse housing, service options, and employment opportunities.
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 - Lot 1, Block 1, Great River
Centre of Otsego Fifth Addition.
ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED?
No No
BACKGROUND/JUSTIFICATION:
The City Council recently approved a Plat and Developer's Agreement for Edina Otsego LLC (Edina Realty)
on Lot 1, Block 1, Great River Centre of Otsego Fifth Addition. Prior to closing on the property, title
objections were made regarding certain Developer's Agreements affecting the property with previous
Owners and Developers. These Agreements date back over ten years ago and relate to the original
development of Great River Centre of Otsego and subsequent Agreements between the original owners
and 21't Century Bank, who later acquired the property. The various Agreements relate to efforts to keep
the property from going tax forfeit and final completion of some infrastructure items.
Edina Otsego, 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:
0 Release of Developers Agreements
RELEASE OF DEVELOPER'S AGREEMENTS - LOT 1, BLOCK 1,
GREAT RIVER CENTRE OF OTSEGO FIFTH ADDITION
Let it be known, that the undersigned, does hereby certify that certain Developer's
Agreements for GREAT RIVER CENTRE OF OTSEGO as follows:
DEVELOPMENT AGREEMENT - GREAT RIVER CENTRE OF OTSEGO,
between City of Otsego and Appello Group, LLC dated May 16, 2006 and
filed at the Wright County Recorder's Office on June 15, 2006 as Document
No. A1014006; and
GREAT RIVER CENTRE OF OTSEGO SECOND ADDITION - FIRST
ADDENDUM TO DEVELOPER'S AGREEMENT, dated October 29, 2007
and filed at the Wright County Recorder's Office on January 9, 2009 as
Document No. A1106268; and
GREAT RIVER CENTRE OF OTSEGO SECOND ADDITION SECOND
ADDENDUM TO DEVELOPER'S AGREEMENT BETWEEN CITY OF
OTSEGO AND APPELLO GROUP, LLC AND CP OTSEGO PARTNERS
LLC REGARDING THE PLAT OF GREAT RIVER CENTRE OF OTSEGO
SECOND ADDITION, dated September 22, 2008 and filed at the Wright
County Recorder's Office on January 9, 2009 as Document No. A1106287;
and
AGREEMENT BETWEEN THE CITY OF OTSEGO, APPELLO GROUP,
LLC AND 211T CENTURY BANK RELATIVE TO PROPERTY LOCATED
IN GREAT RIVER CENTRE, OTSEGO, MINNESOTA, dated March 29,
2013, and filed at the Wright County Recorder's Office on April 19, 2013 as
Document No. A1234757,
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, GREAT RIVER CENTRE OF OTSEGO FIFTH
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 Cleric
STATE OF MINNESOTA)
) ss.
COUNTY OF ARIGHT )
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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