HomeMy WebLinkAboutResolution - 99-217 - Extension to the Developer's Agreement for Ge Capital/Ge Fleet Services Capital Pointe - 11/16/1999 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO. 99-217
A RESOLUTION GRANTING EXTENSION TO THE DEVELOPER'S AGREEMENT
FOR GE CAPITAL/GE FLEET SERVICES CAPITAL POINTE
BY CAPITAL POINTE
WHEREAS, Capital Pointe,LLC,has received City Council approval for construction of
a 360,000 square foot office fully described in a Developer's Agreement dated November 4,
1997.
WHEREAS, a condition of said Developer's Agreement states that if Developer does not
proceed with the project within twenty-four(24)months of the date of Agreement,Developer
would not oppose City Council action to revoke the approval action,thus restoring the status of
the property before the project was approved;
WHEREAS,the twenty-four(24)month period ends on November 4, 1999,
WHEREAS, Developer has not proceeded with Agreement at this time, and has
requested approval of an extension to the Developer's Agreement for an additional twenty-four
(24)month period;
WHEREAS,The City Council has reviewed said extension request at its November 16,
1999 meeting;
NOW, THEREFORE,BE IT HEREBY RESOLVED BY THE CITY COUNCIL
OF THE CITY OF EDEN PRAIRIE,that the extension of the Developer's Agreement be
granted for an additional twenty-four(24)month period, ending November 4,2001.
ADOPTED by the City Council on November 16, 1999.
JJ�e�anL.Harris,Mayor
ATTEST:
Ka hleen A. Porta, City Clerk