HomeMy WebLinkAboutResolution - 2012-106 - Certificate of Termination of Deletion of Covenants Parkway Apartments - 07/17/2012 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2012-106
A RESOLUTION APPROVING THE CERTIFICATE OF TERMINATION OR
DELETION OF COVENANTS FOR PARKWAY APARTMENTS
WHEREAS, The City entered into the certain Regulatory Agreement and required the
filing of that certain Declaration of Restrictive Covenants for the Parkway Apartments; and
WHEREAS, the Bonds issued in connection with the Agreement and Declaration were
fully satisfied in August 2007.
WHEREAS, the terms of both the Regulatory Agreement and Declaration of Restrictive
Covenants have now expired and it is appropriate for the documents and any related covenants
and restrictions to be terminated.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF EDEN PRAIRIE, THAT THE CITY COUNCIL FINDS, DETERMINES, AND
ORDERS AS FOLLOWS:
A. The City approves and authorizes the execution of the attached "Certificate of
Termination or Deletion of Covenants" for Parkway Apartments.
ADOPTED by the City Council on July 17, 2012.
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ATTEST:
Kqehleen Porta, City Clerk