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EDA-2. Issue Certificate of Compliance, SummerwoodF_ 0A - 9-- Administration MEMORANDUM CITY OF TO: Todd Gerhardt, Executive Director CUMNSEN Laurie Hokkanen, Assistant Executive Director 7700 Market Boulevard DATE: May 28, 2013 �. PO Box 147 Fax: 952.227.1190 Redevelopment, be executed. Chanhassen, MN 55317 The certificate states that the Minimum Improvements required by the Contract Phone: 952.227.1160 Fax: 952.22 for Private Redevelopment have been constructed, which they have. The address RE: Issue Certificate of Completion for Summerwood Administration BACKGROUND Phone: 952.227.1100 Fax: 952.227.1110 The owners of the Summerwood Senior Housing Development, Presbyterian Building Inspections Homes, are working to refinance their project through HUD. They have Phone: 952.227.1180 requested that the Certificate of Completion, Exhibit A of the Contract for Private Fax: 952.227.1190 Redevelopment, be executed. Engineering The certificate states that the Minimum Improvements required by the Contract Phone: 952.227.1160 Fax: 952.22 for Private Redevelopment have been constructed, which they have. The address of the project is 525 Lake Drive. Finance Phone: 952.227.1140 RECOMMENDATION Fax: 952.227.1110 Staff recommends that the EDA approve the Certificate of Completion for Park &Recreation Summerwood /Presbyterian Homes. Phone: 952.227.1120 Fax: 952.227.1110 ATTACHMENTS Recreation Center 2310 Coulter Boulevard 1. Exhibit A, Certificate of Completion Phone: 952.227.1400 Fax: 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 Fax: 952.227.1110 Public Works 7901 Park Place Phone: 952.227.1300 Fax: 952.227.1310 Senior Center Phone: 952.227.1125 Fax: 952.227.1110 Web Site www.ci.chanhassen.mn.us g:\admin\lh \eda \certificate of completion - summerwood - staff report.doc Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow EXHIBIT A CERTIFICATE OF COMPLETION (Minimum Improvements) The undersigned hereby certifies that the obligations set forth in Articles III and IV of that document titled "Contract for Private Development," dated , 2003 between the Chanhassen Economic Development Authority and PHM/Chanhassen, Inc, with respect to construction of the Minimum Improvements in accordance with the Construction Plans, have been fully satisfied and that such obligations are hereby released and forever discharged. Dated: , 200_. STATE OF MINNESOTA ) ss. COUNTY OF CARVER ) CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY By Its President By Its Executive Director The foregoing instrument was acknowledged before me this day of 200— by and the President and Executive Director, respectively, of the Chanhassen Economic Development Authority, a public body corporate and politic under the laws of Minnesota, on behalf of the Economic Development Authority. Notary Public This document was drafted by: KENNEDY & GRAVEN, Chartered 470 Pillsbury Center Minneapolis, MN 55402 (612) 337 -9300 L RM- 22545IY2 CH135 -54 A -1