HomeMy WebLinkAboutResolution - 95-23 - Approval and Authorization of Peterson and Klein Purchase Agreement and Option Agreements - 02/07/1995 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 95-23
WHEREAS, Darril S. Peterson and Barbara J. Peterson, husband
and wife; Alan Klein, Daniel Klein, and James Klein, as Trustees of
the 1975 Revocable Trust of George Klein; and, Marcella Klein and
Eugene Weber, as Trustees of the Revocable Trust of Marcella Klein,
as amended by an. Amendment and Restatement of the Revocable Trust
of Marcella Klein dated December 27, 1989, and as further amended
by a First Amendment to Amendment and Restatement of Revocable
Trust of Marcella Klein, dated February 1, 1990 (the "Sellers" ) ,
are willing to sell to the City of Eden Prairie ( "City" ) certain
Property consisting of the Southwest Quarter of the Southwest
Quarter of Section 30, Township 116 North, Range 22 West, that part
of the Southeast Quarter of the Southwest Quarter of said Section
30, and that part of Government Lot 7, Section 31, Township 116
North, Range 22 West lying Northerly of the centerline of State
Highway No. 169 and South and West of a certain line consisting of
68 .7567 acres, pursuant to the terms of a Purchase Agreement
between Sellers and the City presented by Sellers to the City
( "Purchase Agreement" ) , and
WHEREAS, said Sellers are willing to grant to City an option
to purchase that part of the West Half of the Southwest Quarter of
the Southeast Quarter of Section 30, Township 116 North, Range 22
West, lying northerly of the centerline of State Highway No. 169
and South and East of a certain line consisting of 15 .8598 acres
pursuant to an option agreement presented by Sellers to the City
( "Option Agreement Option Parcel 111 ) , and
WHEREAS, said Sellers are willing to grant to City an option
to purchase that part of the Southeast Quarter of the Southwest
Quarter of Section 30, Township 116 North, Range 22 West, and that
part of Government Lot 7, Section 31, Township 116 North, Range 22
West lying northerly of the centerline of State Highway No. 169,
and East of a certain line and South of a certain line, consisting
of 30 .2890 acres pursuant to an option agreement presented by
Sellers to City ( "Option Agreement Option Parcel 2" ) .
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF EDEN PRAIRIE:
1 . That the execution by the Mayor and Manager of the City on
behalf of the City and delivery to Sellers of the Purchase
Agreement, Option Agreement Option Parcel 1, and Option Agreement
Option Parcel 2, is authorized and approved.
ADOPTED by the City Council on February 7 1995
Van Harris, Mayor
(Seal)
ATTEST:
Joh rane, Clerk