RES 17-83Extract of Minutes of a Meeting of the
City Council of the
City of Otsego, Minnesota
Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Otsego, Minnesota, was duly held at the City Hall in said City on Monday, the 25th
day of September, 2017, at 7:00 P.M.
The following members were present: Stockainp, Heidner, Tanner
and the following were absent: Warehime Darkenwald
adoption:
Member Heidner introduced the following resolution and moved its
RESOLUTION 2017-83
RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF ASSIGNMENT
OF DEVELOPMENT AGREEMENT
WHEREAS, the City Council entered into a Development Agreement, dated July 17,
2017 (the "Development Agreement") with Riverview Landing, Inc., a Minnesota nonprofit
corporation (the 'Developer"). The Developer desires to assign its interest in the Development
Agreement pursuant to an Assignment and Assumption of Rights and Obligations Agreement
(the "Assignment") by and between the Developer and Evans Park, Inc., a Minnesota nonprofit
corporation.
WHEREAS, a draft of the Assignment has been submitted to the City Council for
approval.
BE IT RESOLVED by the City Council of the City of Otsego, Minnesota, that the City
Council hereby approves the Assignment in substantially the form submitted, and the Mayor and
the City Administrator/Finance Director are hereby authorized and directed to execute the
Consent and Acknowledgement of the City to the Assignment on behalf of the City. In the
absence of the Mayor or the City Administrator/Finance Director, any document authorized by
this resolution to be executed may be executed by an acting or duly designated official.
The motion for the adoption of the foregoing resolution was duly seconded by member
Tanner , and after full discussion thereof and upon vote being taken thereon, the
following voted in favor thereof: Stockamp, Heidner, Darkenwald, tanner
and the following voted against the same: None
whereupon said resolution was declared duly passed and adopted.
Attest:
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C
STATE OF MINNESOTA
COUNTY OF WRIGHT
CITY OF OTSEGO
I, the undersigned, being the duly qualified and acting City Administrator/Finance
Director of the City of Otsego, Minnesota, DO HEREBY CERTIFY that I have compared the
attached and foregoing extract of minutes with the original thereof on file in my office, and that
the same is a full, true and complete transcript of the minutes of a meeting of the City Council of
said City duly held on the date therein indicated, insofar as such minutes relate to a resolution
giving approval to Assignment of Development Agreement.
WITNESS my hand this 25th day of September, 2017.
City Administrator/Finand Director
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City Administrator/Fin e Director
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