HomeMy WebLinkAboutResolution - 2001-197 - Second Amendment of Project Management Agreement for Summit Place Senior Housing Development - 12/20/2001 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,IVIINNESOTA
RESOLUTION NO. 2001-197
RESOLUTION AUTHORIZING A SECOND AMENDMENT OF PROJECT
MANAGEMENT AGREEMENT FOR SUNBUT PLACE APARTMENTS
(FORMERLY EDEN SHORES)
WHEREAS, the City and the Silvercrest Properties, LLC, a Minnesota Limited Liability
Company as property manager for the entity which was to be formed entered into that
certain agreement entitled Project Management Agreement, made as of the 22"d of
November, 1999 for the Project now referred to as Summit Place; and
WHEREAS, the Developer is the entity which was formed to acquire the Project; and
WHEREAS, the City approved an amended Agreement at its meeting held November 6,
2001,however the Developer requested additional amendments to the Agreement; and
WHEREAS, the attached Amended Project Management Agreement has been executed
by the Developer; and
WHEREAS, City and Developer desire to amend the Project Management Agreement in
its entirety pursuant to the terms of the Amended Project Management Agreement
attached hereto.
NOW, THEREFORE, BE IT RESOLVED BY THE EDEN PRAIRIE, CITY
COUNCIL that the Amended Project Management Agreement attached hereto is hereby
approved. The Mayor and City Manager are hereby authorized to execute the Amended
Project Management Agreement.
ADOPTED by the Eden Prairie City Council on December 20, 2001.
a y T a--LuWs, Acting Mayor
ATTEST:
T �
Ka hleen Porta, City Clerk