RES 16-09CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2016-09
RESOLUTION RELEASING CERTAIN PROPERTY FROM RECORDED
DEVELOPERS AGREEMENTS- OTSEGO I-94 WEST INDUSTRIAL
PARK
WHEREAS, RHEA COMPANY, a Minnesota Limited Partnership owns certain
lots within the OTSEGO I-94 INDUSTRIAL PARK described as follows:
LOT 1, BLOCK 1; LOT 2, BLOCK l; LOT 3, BLOCK 1; LOT 3, BLOCK 2; and
LOT 4, BLOCK 2 all in OTSEGO I-94 WEST INDUSTRIAL PARK FOURTH
ADDITION according to the Plat on file and of record at the Office of the County
Recorder, Wright County, Minnesota; and
WHEREAS, RHEA COMPANY intends to sell the above mentioned lots; and
WHEREAS, RHEA COMPANY has requested that the lots to be sold be released
from those certain recorded Developers Agreements which affect the properties;
and
WHEREAS, the City Engineer has determined that no more work on those sites is
needed; and
WHEREAS, the conditions of approval still remain in effect related to the
allowed use of the property and other issues; and
WHEREAS, release of the properties from the Developers Agreement is
appropriate.
NOW, THEREFORE it is hereby resolved by the City Council of the City of
Otsego, Wright County, Minnesota as follows:
1. LOT 1, BLOCK l; LOT 2, BLOCK 1; LOT 3, BLOCK l; LOT 3, BLOCK
2; and LOT 4, BLOCK 2 all of OTSEGO 1-94 WEST INDUSTRIAL
PARK FOURTH ADDITION are hereby released from any obligations
imposed by that DEVELOPMENT AGREEMENT- OTSEGO 1-94 WEST
INDUSTRIAL PARK between the City of Otsego and RHEA COMPANY
F dated April 9, 2001 and recorded at the Office of the Wright County
Recorder as Document No. 741503 on May 16, 2001 and that
DEVELOPMENT AGREEMENT OTSEGO I-94 INDUSTRIAL PARK
THIRD ADDITION between the City of Otsego and RHEA COMPANY
dated December 15, 2005 and recorded at the Office of the Wright County
Recorder as Document No. 990892 on December 16, 2005.
2. All other City permits and conditions of approval affecting these properties
remain in full force and effect.
APPROVED this 8th day of February, 2016 by the Otsego City Council.
Motion to approve made by Council Member Heidner and seconded by
Council Member Schroeder
IN FAVOR: Stockamp, Heidner, Schroeder, warehime
OPPOSED: None
CITY OF OTSEGO
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Tami Loff, City Clerk
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