HomeMy WebLinkAboutResolution - 2025-082 - Aspen Estates by Bill Welch conditional approval of development agreement - 09/16/2025CITY OF EDEN PRAIRIE HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2025-082
A RESOLUTION FOR CONDITIONAL APPROVAL OF THE DEVELOPMENT AGREEMENT FOR ASPEN ESTATES ASSISTED LIVING AND MEMORY CARE
WHEREAS, the Developer has requested to sign and execute the Development Agreement for Aspen Estates Assisted Living and Memory Care (the "Project") at the closing of Developer's purchase of the Aztec Drive property; and,
WHEREAS, the City is amenable to allowing the Developer to sign and execute the
Development Agreement at the closing; and,
WHEREAS, the approval of this Agreement, second reading of Ordinance No __ , and Resolution No __ granting Site Plan approval are contingent upon receipt by the City Manager of documentation acceptable to the City Manager that Aspen Estates Realty, LLC has acquired fee simple
interest in the Property as defined in the Development Agreement. If the City Manager does not receive such documentation on or prior to October 31, 2025, the above Ordinance, Resolution, and approvals are null and void and of no further effect. The City Council may, but is not required to, take such further action to confirm that the Ordinance, Resolution, are null and void and of no further effect; and,
WHEREAS, the City Council has reviewed the Project at a public hearing at its August 12, 2025, meeting.
WHEREAS, the City Council has reviewed the Development Agreement for the Project at its September 16, 2025, meeting.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF EDEN PRAIRIE, that the Development Agreement between Aspen Estates Realty,
LLC and the City of Eden Prairie is conditionally approved by the City Council on September 16,
2025, and is conditioned upon the Developer providing the City Manager documentation that the
Shire Properties, LLC has acquired fee simple interest in the Property. If the City Manager does not
receive such documentation on or prior to October 31, 2025, the above Ordinance, Resolution, and approvals are null and void and of no further effect. The City Council may, but is not required to, take such further action to confirm that the Ordinance, Resolution, are null and void and of no further effect.
ADOPTED by the City Council of the City of Eden Prairie this 16th day of September, 2025.
ATTEST:
David Teigland, City Clerk
Kathy Nelson, Acting Mayor