HomeMy WebLinkAboutResolution - 2016-39 - Shops at Southwest Station Site Plan - 03/08/2016 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2016-39
A RESOLUTION GRANTING SITE PLAN APPROVAL
FOR SHOPS AT SOUTHWEST STATION
BY TECHNOLOGY DRIVE VENTURES, LLC
WHEREAS, Technology Drive Ventures, LLC, has applied for Site Plan approval of
Shops at Southwest Station to construct a multi-tenant retail building, by an Ordinance approved
by the City Council on March 8, 2016; and
WHEREAS, the Planning Commission reviewed said application at a public hearing at
its June 22, 2015 meeting and recommended approval of said site plans; and
WHEREAS, the City Council has reviewed said application at a public hearing at its
July 14, 2015 meeting.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL
OF THE CITY OF EDEN PRAIRIE, that site plan approval is granted to Shops at Southwest
Station based on the Development Agreement between Technology Drive Ventures, LLC and the
City of Eden Prairie, reviewed and approved by the City Council on March 8, 2016.
BE IT FURTHER RESOLVED, that this Resolution shall become effective from and
after its passage and upon compliance with the following conditions:
A. Minnwest Bank shall convey the Property to Technology Drive Ventures, LLC, which deed
shall be in recordable form;
B. Technology Drive Ventures, LLC shall execute the Development Agreement so that it is in
recordable form;
C. The Development Agreement is filed with Hennepin County Recorder's Office immediately
following the filing of the deed from Minnwest Bank to Technology Drive Ventures, LLC
and prior to any other document including any mortgage.
Compliance with terms A, B, and C shall occur simultaneously at the closing of the purchase of
the Property by Technology Drive Ventures, LLC from Minnwest Bank. If the contingencies
sent forth in A, B and C have not occurred by May 17, 2016, this approval shall be null and void
and of no effect.
ADOPTED by the City Council of the City of Eden Prairie this 81" day of March, 2016.
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Kath een Porta, City Clerk