1b. Powers Place & Powers Place 2nd Addition: Reassignment of Development Contract.I MEMORANDUM
TO:
FROM:
DATE:
SUBJ:
CITY OF �b
CHANHASSEN
690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317
(612) 937 -1900 • FAX (612) 937 -5739
Charles Folch, Director of Public Works
Dave Hempel, Assistant City Engineer "
November 20, 1995
Action tgl City AdministraW
Endorsed_ _ DWA
Wdified.
Refecte -4
Da`e. .rP �` �tr� -
Date Subni:t'fed to ComnF&IM
Date Sa';rritled to CotMM
Consider Reassignment of Development Contract for Powers Place and
Powers Place 2nd Addition - Proiect No. 95 -4
The City has received a request from Jasper Develo
reassignment of the development contrt for " ova
ac
Addition to Greatland Homes Corporation. The' it
document (attachment 1) whereby allowing this reassi,
to occur with certain stipulations. Under paragraph l
development contract authorizes the "City Council
development contract. Therefore,,, 'is recommended
assignment of the development contract for Powers PI
from Jasper Development Corporation of Waconia to i
ktm
Attachments:
c: Jay Jasper;''1 ve ".
Mike Kampmeyer,
g: \eng \projects \powers\reassign.cc
anent Corporation of Waconia for
ars Place and Powers Place 2nd
Attorney's office has prepared a
;nment of the development contract
K of the General Conditions of the
o approve the assignment of the
that the City Council approved the
tee and Powers Place 2nd Addition
�re at] and Homes Corporation.
Corporation
)mes Corporation
0i'FlUAL E NGINFERNG Copy
Received
Revision No.
Appro by Cky r-n
Date 4 rC - -W - 9S -
Approved by C ty CoUnoi
Date
I
ASSI
AGRkE MENT dated November
CITY OF CEL011ASSEN, a Minnesota
DEVELbPMENT CORPORATION OF
"Develg,�xer "); and GREATLAND IIOMES
(the " Successor Developer ").
A. The City and the Developer
April 10, 1995, , concerning POWERS
ADDIT(:ON, . recorded with the Carver
181600 `(the "Development Contract ").
B. The Developer has asked the
and obligations under the Development Co
C. Paragraph 21K of the a
authori4s the City to approve the asst
NOW, THEREFORE, IN CO
COVENANTS THE PARTIES AGREE
1. ASSIGNMENT. The De
Development Contract are assigned to the
this Assignment. The Successor Developer
by its terms.
Z. EFFECTIVE DATE OF
effectivo when the Successor Developer
Development Contract,
3. BINDING EFFECT/RECO
against the title to the land described in Ex
binding upon the parties, their successors,
31284
11/08/95
13, ,1995, by, between, and amon 4 the
municipal corporation ( "City "); JASIER
NACONIA, a Minnesota corporation i (the
CORPORATION, a Minnesota corporation
i
i
e entered into a Development Contract gated
.ACE and POWERS PLACE SECOND
, unty Recorder's office as Document !No.
ty to approve the assignment of its rights
act to the Successor Developer.
i
Conditions of "the Development Contract
of the Development Contract.
iDERATION OF THEIR MU'�JAL
FOLLOWS:
per's rights and obligations under! the
xessor Developer subject to the terns of
tpts the assignment and agrees to be b¢und
ftNT. This Assignment shall be
the City the security required b; the
JG. This Assignment may be recorded
"A" of the Development Contract a�d is
and assigns,
i
CHANsPOWER6 PLACE 194! END
A991ar nt Of Devetoo�lient K
I
I�
n
CITY OF CHANHASSEN
BY:
Donald J. Chmiel, Mayor
(SEAL)
AND '
Don Ashworth, City Manager /Cler
JASPER DEVELOPMENT CORPORATION
OF WACONIA
BY:
I secretary /Treasurer
GREATLAND HOMES CORPORATION'
I
BY:
Its
STATE OF MINNESOTA )
( as.
COUNTY OF CARVER )
The foregoing Instrument was acknowledged before me this da► of
1995, by Donald J. Chmiel and by Don Ashworth, the Mayoi, and
City Manager /Clerk of the City of Chanhassen, a Minnesota municipal corporation, on
behalf of the corporation and pursuant to the authority granted by its City Council;
NOTARY
M296 CHAMPOWKS PLACE 1ST li 2ND
11/OS/OS 2 Asstam+ent of amil c r
STATE bF MINNESOTA )
(BB.
COUNTY OF Carver )
The foregoing instrument was i
November , 1995, by _
Secretary Treasurer of 7s
Minnesota corporation, on behalf of the
TAMEPUA.SPARPRM
NOtNn►R= -VMNWA
aa�w.��
STATE OF MINNESOTA )
( ss.
COUNTY OF Carver )
The foregoing instrument was ac
November , 1995, by _
Prcc; rIcnt of
Minnesota corporation, on behalf of the ,
wledged before me this 13th da j/ of
Jay M. Jasper ' the,
Development Corporation of Wacon *a, a
gyration.
ARY PUBLIC
before me this 13th da of
to er the
ID HOMES CO RP O RATI a , a
TAMMISONAH FENta
IgWR= -MINWA
ar
DRAFTED BY:
CampbGtl, Knutson, Scott & Fuchs, P.A.
317 Ba ndalc dtfice Center
1380 Cprporato Center Curve
Began, : , innCsoji 55121
Telephdhe: (612) 452 -5000
RNK stn
31266
11/08/95
PUBLIC
i
I
CNANOWERT PLACE i L tMD ST 3 e661wm of Covet t K
** *END * * *'