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1b. Release Land from Private Redev Contract, 2860 Water Tower Place0 CITY OF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.1100 Fax: 952.227.1110 Building Inspections Phone: 952.227.1180 Fax: 952.227.1190 Engineering Phone: 952.227.1160 Fax: 952.227.1170 Finance Phone: 952.227.1140 Fax: 952.227.1110 MEMORANDUM TO: FROM: DATE: SUBJ: Todd Gerhardt, City Manager 16 Laurie Hokkanen, Assistant City Manager November 14, 2011 Approve Release of Land from Contract for Private Redevelopment and Assessment Agreement PROPOSED MOTION Approval of this item requires a majority vote of the City Council. The City Council approves the attached "Release of Land from Contract for Private Redevelopment and Assessment Agreement ". BACKGROUND Park & Recreation Phone: 952.227.1120 The Parker - Hannifin Corporation has requested that the City grant a release of Fax: 952.227.1110 land from their contract for private redevelopment for their property located at 2860 Water Tower Place. Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 The Gateway TIF District ( #6) was decertified in December of 2005. Fax: 952.227.1404 Staff has reviewed the files and finds the project complete and in compliance with the redevelopment contract. Planning & Natural Resources Phone: 952.227.1130 RECOMMENDATION Fax: 952.227.1110 Staff recommends that the City Council approve the attached "Release of Land Public Works from Contract for Private Redevelopment and Assessment Agreement." 7901 Park Place Phone: 952.227.1300 ATTACHMENT Fax: 952.227.1310 Senior Center 1. Agreement Phone: 952.227.1125 Fax: 952.227.1110 Web Site www.ci.chanhassen.mn.us G:\Admin \LH \TlF\2860 Water Tower Place Release Staff Report.doc Chanhassen is a Community for Life - Providing far Today and Planning for Tomorrow RELEASE OF LAND FROM CONTRACT FOR PRIVATE REDEVELOPMENT AND ASSESSMENT AGREEMENT Date: 2011 KNOW ALL BY THESE PRESENTS, that the real property in Carver County, Minnesota, legally described as follows: Lots 2, Block 1, Arboretum Business Park 2 "Addition is hereby released from all obligations, terms and conditions found in the following documents: (1) That certain Contract for Private Redevelopment by and between the City of Chanhassen, a Minnesota municipal corporation, and Parker Hannifin Corporation, an Ohio corporation, dated August 22, 2001 and recorded August 30, 2001 in the Office of the Carver County Recorder as Abstract Document No. A294969 and in the Office of the Carver County Registrar of Titles as Torrens Document No. T121388; and (2) That certain Assessment Agreement and Assessor's Certification by and among the City of Chanhassen, a Minnesota municipal corporation, and Parker Hannifin Corporation, an Ohio corporation and Carver County Assessor, dated August 22, 2001 and recorded August 30, 2001 in the Office of the Carver County Recorder as Abstract Document No. 160702v01 1 CHAN:Parker Hannifin Corp TIF /Assess. Agr. SRN:10 /31/2011 (2860 Water Tower Place) A294968 and in the Office of the Carver County Registrar of Titles as Torrens Document No. T121387. STATE OF MINNESOTA ) ( ss. COUNTY OF CARVER ) CITY OF CHANHASSEN C Thomas A. Furling, Mayor Todd Gerhardt, City Manager The foregoing instrument was acknowledged before me this day of , 2011, by Thomas A. Furlong and by Todd Gerhardt, respectively the Mayor and City Manager 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 Public THIS INSTRUMENT WAS DRAFTED BY: CAMPBELL KNUTSON Professional Association 1380 Corporate Center Curve, Suite 317 Eagan, Minnesota 55121 Telephone: 651 - 452 -5000 SRN 16070201 2 CHAN:Parker Hannifin Corp TIF /Assess. Agr. SRN:10 /31/2011 (2860 Water Tower Place)