HomeMy WebLinkAboutResolution - 2013-36 - Extension to Developer's Agreement for Eden Pointe Parking Expansion - 03/05/2013 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2013-36
A RESOLUTION GRANTING EXTENSION TO THE DEVELOPER'S AGREEMENT
FOR EDEN POINTE PARKING EXPANSION
BY LIBERTY PROPERTY TRUST
WHEREAS, Liberty Property Trust has received City Council approval for Eden Pointe
Parking Expansion at 7300 & 7400 Flying Cloud Drive, more fully described in a Developer's
Agreement dated March 15, 2011; and
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; and
WHEREAS, the twenty-four(24) month period ends on March 15, 2013; and
WHEREAS, Developer has not proceeded with the Agreement at this time, and has
requested approval of an extension to the Developer's Agreement for an additional twenty-four
(24) month period; and
WHEREAS, the City Council has reviewed said extension request at its March 5, 2013
meeting; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Eden
Prairie, Minnesota, hereby grants the extension of the Developer's Agreement for an additional
twenty-four(24) month period, ending March 15, 2015.
ADOPTED by the City Council of the City of Eden Prairie this 5th day of March 2013.
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ATTEST:
Kath en Porta, City Clerk