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1i App Termination Agree/Wright mY OF CBANlJASSEI Ìl]ûnttr Dn".,l'O &. In ___AI;. ...¡.j£jI7 PlmIll612.937.1900 nm612.937.5'139 'nttringFIa 612.937.9152 it Saftty FIa 612.~.2524 'Jl!JU1JJ.ri.~-..s .. .i~ .MEMOJWIm(JM "JÐ: Mayor City Council Scott A Botcher, City Manager~ ..auA1:' DATE: January 19.2000 SUBJ: Termination Agreement, H. Dan Wright - _-Pleasefind_ÐIl~ consent agenda a proposed termination agreement from ~~WalstOD,Walston & Te SIaa, Attorneys at Law representing H. Dan Wright. 1bis agr........,ntpurports to formally terminate any arrangement, agreement or Tclationsbip between H. Dan Wright and the City of Chanhassen as it relates to the proposed hotel project. This agreement needs to be approved by the council and eiæcuted by the Mayor and City Manager. As part of this packet (and Mr. Knutson has been advised of this), the City Attorney will conduct a legal review of the agreement between Thursday and Monday and will be prepared to provide his legal opinion as to its acceptability from the city's point of view on Monday at the work session. Thank you. ~Fesci?" lr A ..wIÍ¡ht.doc ..,..Jrl._I.,,~~_ A--:..........__._:....-:.I..L-o.'.l_ _.A:......r.uJ. __'_~_..~...J.._n'_. _ ,t.... , 0" I' ,'r I. , A " , , WALSTEN, WALSTON & TE SLAA, P.A. Attmney,; at Law Bloomington 1000 Nœtb1and "'=' 3800 West so*S1reet BloomingtoD,MN 55431 Telephone:{611)S96-3m Fax: (612)'8!J6:;3717 J_ It. Walstoa BqI1y1D MPJU!nta Hei8bts Mendota Heights 200 Dakota Financial CcDter 1060 Dakota úrive Mendota Heights, MN 55120 Telephone: (651) 905-7000 Fax: (651) 405-3775 January 17,2000 Mr. Todd GerluJrdt Assistant.cïJ;y:l\4" ''":¡gt'r City of Chanhassen 690 Coulter Dñvc Box 147 Chanhassen, MN 55311 Re: --H~-DanWriglJt'f C.......uads Plaza 3rdAddition Our FileNo. 671-002 Dear Todd: Enclosedp1ease find: 1. Termination Asreement signed by H. Dan Wright; and 2. QuitClaim Deed covering Lots 2 and 3, Block 1, Crossroads Plaza 3rd Addition signed by H. Dan Wright. Please have the T::nnination Agreement signed by the Mayor and City Manager. Please forward fully 5igned copies to: Randy Dowdy Carver COIIIIty Abstract andTitle . -411Chestnllt S1rœt ·01as1œ,MN55311! H. DanWri,gbt 970 He1_Avenue North Oa!rll"'.., MN ssm .~..- ~'-:':""-- r.--- . . " ?~M J r," _1 :. ,,,' I ¡':d'4. '..J ._",_,l. ;.....;.¡..:....., '.".... Mr. Todd Gerhardt January 17,2000 Page 2 Jobn Sheehan Cambridge Commercial Realty 4901 West 77th Street Minneapolis., MN 55435 Please also send a copy to me. By way of this transmittal. I am requesting Randy Dowdy to release the $15,000.00 earnest money to H. Dan Wright upon Randy's receipt ofa copy of the signed Termination Agreement Horn you. Please retain the original Quit Claim Deed in the City's file. Please call if you have any questions.. Sincerely, JRW:rlt Enclosures WALSTEN, WALSTQN &-TE SLAA, P.A. /<- ~:>~- By: -/,;:- James R: Walston / ~---/ cc: H. Dm Wright John Sheehan Randy Dowdy TERMINATION AGREEMENT WHEREAS, the undersigned acting in relation to the Real Estate Purchase Agreement ("Purchase Agreement") attached hereto as exhibit "Au between the CITY OF CHANHASSEN and H. DAN WRIGHT covering Lots 2 and 3, Block 1, Crossroads Plaza, 3'd Addition, Carver County, Minnesota. hereby agree that the Purchase Agreement shall be terminated. Upon execution of this Agrel'ment and the execution and delivetÿ· of a Quit Claim Deed in favor of the CITY OF CHANHASSEN by H. DAN WRIGHT, the earnest money covering the property descnòed above in the amount of Fifteen Thousand Dollars and Zero Cents ($15,000) shall be fully refunded to H. DAN WRIGHT. The CITY OF CHANHASSEN and H. DAN WRIGHT each agree that no party has any further claim against one another arising out of or otherwise relating to the attached Purchase Agreement. Dated: 1--7-Uð By: CITY OF CHANHASSEN By: Its: Mayor Dated: By: Its: City Manager 671-«>2150986 . (Reserved for Recording Data) QUIT CLAIM DEED Individual(s) to Corporation STATE DEED TAX DUE HEREON: $ - Dated: ~"'114'Y'1 1 ,-l-9~ FOR V ALUABLE CONSIDERATION, H. DAN WRIGHT, a single person, Grantor, hereby conveys and quitclaims to THE CITY OF CHANHASSEN, a public body corporate and politic under the laws of the State of Minnesota, Grantee, real property in Carver County, Minnesota, described as follows: Lots 2 and 3, Block 1, CROSSROADS PLAZA 3RD ADDITION, according to the recorded plat thereof, Carver County, Minnesota. together with all hereditaments and appurtenances belonging thereto. TOTAL CONSIDERATION FOR THIS CONVEYANCE IS LESS THAN $500.00. GRANTOR CERTIFIES THAT GRANTOR IS UNAWARE OF ANY WELLS ON THE . ABOVE-DESCRIBED PROPERTY. 1 . . . AFFIX DEED TAX STAMP HERE STATE OF MINNESOTA ) WAsh' -h,,) ss. COUNTY OF DAK()~ ) The toregoing instrument was ackllowiedged bt:fore me this -2 day of d ~~bY H. DAN WRIGHT, Grantor. (NOTARY STAMP) e APRil L KE RSHAW NoIaIy Public Minnesota My Commission Expires Jan. 31, 2005 O¡¡Ju~ d ~()~J) Not Public Tax Statements for the real property described in this instrument should be sent to (include name and address of Grantee): City of City of Chanhassen 690 Coulter Drive Box 147 Chanhassen, MN 55317 THIS INSTRUMENT WAS DRAFTED BY: Jamcs R. Walston WALSTEN, WALSTON & TE SLAA, P.A 200 Dakota Financial Center 1060 Dakota Drive Mendota Heights, MN 55120 Telephone: (651)905-7000 #671-002IS0987 2