RES 19-66CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2019-66
RELEASING CERTAIN PROPERTY FROM RECORDED DEVELOPERS
AGREEMENTS- OUTLOT C, BURY INDUSTRIAL PARK
WHEREAS, the OTSEGO LLC, a Wisconsin limited liability company intends to
purchase OUTLOT C, BURY INDUSTRIAL PARK; and
WHEREAS, the CITY OF OTSEGO entered into a certain agreement with the
current owner BURY INDUSTRIES, LLC and BURY MANUFACTURING, LLC
as follows: DEVELOPMENT AGREEMENT BURY INDUSTRIAL PARK June
8, 2018, filed June 8, 2018 as Document No. A1371921 at the Office of the
County Recorder, Wright County, Minnesota.
WHEREAS, OTSEGO LLC has requested release of OUTLOT C from this
Agreement.
NOW, THEREFORE it is hereby resolved by the City Council of the City of
Otsego, Wright County, Minnesota as follows:
The CITY OF OTSEGO hereby releases OUTLOT C, BURY INDUSTRIAL
PARK from the terms and conditions of the following Agreement:
DEVELOPMENT AGREEMENT BURY INDUSTRIAL PARK by and
between BURY INDUSTRIES, LLC and BURY MANUFACTURING LLC
and the CITY OF OTSEGO dated June 8, 2018, filed June 8, 2018 as
Document No. A 13 71921 at the Office of the County Recorder, Wright
County, Minnesota.
2. Release of the Agreement as set forth above is contingent upon OTSEGO LLC
purchasing OUTLOT C, BURY INDUSTRIAL PARK.
APPROVED this 4th day of November, 2019 by the Otsego City Council.
Motion to approve made by Council Member ho),
and seconded by
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Council Member p� (� �c� — _.U1\&QVJ d
IN FAVOR: Daq�c4NwaL,> I(�aEv�, sT«.r-.P A.vo T4NNtc
OPPOSED: NoN4,
CITY OF OTSEGO
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A ica StockamP, Mayor
or
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Tami Loff, City Clerk
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