2005-03-08~ u
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
MARCH 8, 2005
a.,. ,
The Housing and Redevelopment Authority of and for the City of Mound, Minnesota,
met in regular session on Tuesday, March 8, 2005, at 7:15 p.m. in the council chambers
of city hall.
Members Present: Acting Chair David Osmek, Commissioners John Beise and Mike
Specht.
Members Absent: Chair Meisel, Commissioner Bob Brown.
Others Present: City Attorney John Dean, Executive Director Kandis Hanson
1. Open Meeting
Acting Chair Osmek called the meeting to order at 7:15 p.m.
2. Approve Agenda
MOTION by Specht, seconded by Beise to approve the agenda. All voted in favor.
Motion carried.
3. Approve Minutes
MOTION by Beise, seconded by Specht to approve the minutes of the February 22,
2005 meeting. All voted in favor. Motion carried.
~_ ..:
4. Action on request by Lindguest and Vennum on behalf of Commerce Place
requesting approval of Certificate of Completion and Termination Agreement
for the contract for Private Development for the shopping center dated July
11, 1985.
MOTION by Specht, seconded by Beise to approve the following resolution: All voted in
favor. Motion carried.
RESOLUTION NO. 05-03H: RESOLUTION APPROVING CERTIFICATE OF
COMPLETION AND TERMINATION OF CONTRACT FOR PRIVATE
REDEVELOPMENT
5. Adjourn
MOTION by Beise, seconded by Specht to adjourn at 7:18 p.m. All voted in favor.
Motion carried.
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Attest: Bonnie Ritter, City Clerk
~~r ~~~~
Chair Pat Meisel
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION N0.05-03H
A RESOLUTION APPROVING CERTIFICATE OF COMPLETION AND TERMINATION
OF CONTRACT FOR PRIVATE REDEVELOPMENT
WHEREAS, the Mound Housing and Redevelopment Authority ("Grantor") by
Deeds (the "Deeds") recorded in the office of the County Recorder, Hennepin County,
Minnesota, as Document Nos. 5116756 and 5353313, and in the office of the Registrar
of Titles of Hennepin County, Minnesota as Document Nos. 1729545 and 1892225,
conveyed to JRW Properties, Inc., a Minnesota corporation ("Grantee"), land in the
County of Hennepin and State of Minnesota, as legally described on Exhibit A attached
hereto and made a part hereof (the "Subject Property"); and
WHEREAS, Grantor and Grantee executed that certain Contract for Private
Redevelopment concerning the Subject Property (the "Agreement") dated as of July 11,
1985, and recorded in the office of the County Recorder, Hennepin County, Minnesota,
as Document No. 5116755, and in the office of the Registrar of Titles of Hennepin
County, Minnesota as Document No. 1729544;
WHEREAS, the Deeds and the Agreement contained certain covenants and
conditions to be fulfilled by Grantee, as well as certain restrictions as to the use of the
`._ .. Subject Property; and
WHEREAS, Grantor, in recognition of the performance by Grantee of certain of
said covenants and conditions of the Agreement, executed that certain Certificate of
Completion dated as of February 11, 1988, and recorded in the office of the County
Recorder, Hennepin County, Minnesota, as Document No. 5405166, and in the office of
the Registrar of Titles of Hennepin County, Minnesota as Document No. 1932008, in
which Grantor released certain provisions for forfeiture of title and right to re-entry for
breach of conditions subsequent contained in the Deeds and the Agreements;
WHEREAS, Grantee and/or Grantee's successors and assigns have as of the
date hereof fully and duly performed all of the remaining covenants and conditions
under the Deeds and the Agreement;
NOW, THEREFORE, it is hereby certified that all requirements of Grantee under
both the Deeds and the Agreement with respect to the Subject Property have been
completed and duly and fully performed, and that therefore, the Agreement is hereby
terminated in its entirety. This instrument shall be conclusive evidence of the
satisfactory termination of the covenants, conditions and restrictions of the Agreement
and the Deeds as they relate to the Subject Property, including, but not limited to, those
specific covenants and restrictions referred to in Paragraph 6 of the Deeds.
Doc# 19856022
Resolution No. 05-03H
Adopted this 8th day of March, 2005.
C air Pat Meisel
Attest: Bonnie Ritter, City Clerk
Doc# 19856022
i u
Resolution No. 05-03H
EXHIBIT A
Subject Property
Parcel 1:
Lots 1, 2, 3, 4, 5 and 6, Block 1, Commerce Place, Hennepin County, Minnesota.
3
Doc# 19856022