RES 11-37CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2011-37
RESOLUTION APPROVING EXTENSION AGREEMENT BETWEEN
THE CITY OF OTSEGO AND APPELLO GROUP LLC RELATIVE TO
THE PLAT OF GREAT RIVER CENTRE
WHEREAS, the City of Otsego (CITY) and Appello Group LLC (APPELLO)
have entered into a Developers Agreement and addendums thereto regarding the
Plat of GREAT RIVER CENTRE and additions thereto; and
WHEREAS, the Developer's Agreement required that all public improvements
undertaken by APPELLO were to be completed prior to this date; and
WHEREAS, APPELLO has completed most of the required improvements, but as
certain improvements remain uncompleted as set forth in the attached Agreement;
and
WHEREAS, APPELLO has also failed to timely pay assessments for County
Road 42 improvements as required by the Developers Agreement and addendums
thereto: and
WHEREAS, the CITY previously extended the period for completing the
unfinished improvements to July 15, 2011; and
WHEREAS, APPELLO has requested an additional extension of the Agreement
upon the terms and conditions as set forth in the Agreement; and
WHEREAS, after consideration of the request, and in light of current market
conditions, the CITY has decided to grant the extension upon the terms and
conditions as set forth in the Agreement.
NOW THEREFORE BE IT RESOLVED this 25' day of July, 2011 by the
Otsego City Council as follows:
1. The CITY approves the Agreement between the parties as attached.
2. The CITY authorizes the Mayor or Acting Mayor and City Clerk to execute
the Agreement on behalf of the CITY.
IN FAVOR: SCHARBER, DARKENWALD, HEIDNER AND SCHROEDER
OPPOSED: NONE
CIT OF OTSEGO
01, LL -
1
Vern Heidner, Acting Mayor
d a at--� - daL -
Tami Loff, City Clerk
2