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RES 17-47CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2017-47 RESOLUTION RELEASING CERTAIN PROPERTY FROM RECORDED DEVELOPERS AGREEMENT- LOT 6, BLOCK 2, KITTREDGE CROSSINGS 12TH ADDITION WHEREAS, the purchaser of certain property within the City of Otsego has requested that the property be released from the terms and conditions of that Developers Agreement between the City of Otsego and Essay Holdings, LLC, a Minnesota Limited Liability Company dated May 23, 2016 and recorded May 27, 2016 as Document No. 1315616 at the Office of the Wright County Recorder and described as follows: LOT 6, BLOCK 2, KITTREDGE CROSSINGS 12TH ADDITION, according to the Plat on file and of record at the Office of the County Recorder, Wright County, Minnesota; and WHEREAS, construction is complete on the above referenced property and the applicable terms and conditions of the Developers Agreement no longer affect the property. NOW, THEREFORE it is hereby resolved by the City Council of the City of Otsego, Wright County, Minnesota as follows: 1. The CITY OF OTSEGO hereby releases LOT 6, BLOCK 2, KITTREDGE CROSSINGS 12TH ADDITION from the terms and conditions of that Developers Agreement between the City of Otsego and Essay Holdings, LLC dated May 23, 2016 and recorded May 27, 2016 as Document No. 131516 at the Wright County Recorder's Office. APPROVED this 22nd day of May, 2017 by the Otsego City Council. Motion to approve made by Council Member Heidner and seconded by Council Member Tanner IN FAVOR: Stockamp, Heidner, Tanner, Darkenwald, Warehime OPPOSED: None CITY OF OTSEGO C&' �6- Q� � � � Je ica Stockamp, Mayor Tami Loff, City Clerk 2.