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3 Empak Cert of Compliance 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 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 Fax: 952.227.1110 Public Works 1591 Park Road 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 j - MEMORANDUM TO: Todd Gerhardt, Executive Director FROM: Justin Miller, Assistant Executive Directo~,AI'- DATE: December 5, 2005 t>~. SUBJ: Approve Certificate of Compliance and Release from Private Redevelopment Agreement - Lot 1, Block 1, Empak Addition BACKGROUND CSM Equities is in the process of purchasing the Emplast Building at 950 Lake Drive. This project received TIP assistance in the development of the property. As a requirement of this assistance, the developer entered into a private redevelopment agreement that outlined several requirements before they could receive any TIP payments. The developer did meet these requirements, and TIP payments for this project have been completed. CSM Equities in nearing completion of their purchase of this property, and they need this certificate in order to finalize the process. Staff has reviewed the files and finds the project complete and in compliance with the redevelopment contract and assessment agreement. RECOMMENDATION Staff recommends that the EDA approve the attached certificate of compliance and termination of assessment agreement for Lot 1, Block 1, Empak Addition. Approval of this item requires a majority vote of the EDA. The City of Chanhassen . A growing community with clean lakes, quality schools, a charming downtown, thriving businesses, winding trails, and beautiful parks. A great place to live, work, and play. Map Print Output Page 1 of 1 Carver County GIS Mapping Application c '..=' Carver County Map Created on: 12-5-2005 This map was created using Carver County's Geographic Information Systems (GIS), it is a compilation of information and data from various City, County, State, and Federal offices. This map is not a surveyed or legally recorded map and is intended to be used as a reference. Carver County is not responsible for any inaccuracies contained herein. http://156.99 .124.167 /website/parceLsearch/map.asp 12/512005 CERTIFICATE OF COMPLIANCE CERTIFICA TE OF COMPLIANCE granted December 12, 2005, by the CITY OF CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY, a public body corporate and politic under the laws of Minnesota (the "Authority"). WHEREAS, the Authority's predecessor, the Housing and Redevelopment Authority In and For the City of Chanhassen (HRA), entered into a Contract for Private Redevelopment dated October 1, 1989, and an Assessment Agreement dated February 1, 1990, between the HRA and County 17, Chanhassen, filed May 31,1990, as Document No. T65312 in the office of the County Registrar of Titles, Carver County, Minnesota. WHEREAS, the City has been requested to issue a Certificate of Compliance pursuant to that said Contract for Private Redevelopment concerning Lot 1, Block 1, Empak Addition, Carver County, Minnesota (hereinafter "subject property"); and WHEREAS, the development work has been completed and the City has determined that it is appropriate to issue such a certificate. NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY: 1. The subject property is hereby released from the construction and financial obligations created by the aforementioned Contract for Private Redevelopment dated October 1, 1989, and the Assessment Agreement dated February 1, 1990, filed May 31, 1990, as Document No. T65312, Office of Registrar of Titles, Carver County, Minnesota. CITY OF CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY BY: Thomas A. Furlong, Chair AND Todd Gerhardt, Executive Director STATE OF MINNESOTA) ( ss. COUNTY OF CARVER ) The foregoing instrument was acknowledged before me this _ day of 20_, by Thomas A. Furlong and by Todd Gerhardt, respectively the Chair and Executive Director of the City of Chanhassen Economic Development Authority, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. NOTARY PUBLIC DRAFTED BY: City of Chanhassen 7700 Market Boulevard P.O. Box 147 Chanhassen, MN 55317 Telephone: (952) 227-1100 TERMINA TION OF ASSESSMENT AGREEMENT AND CERTIFICA TION OF ASSESSOR This TERMINATION OF ASSSESSMENT AGREEMENT AND CERTIFICATION OF ASSESSOR FILED AS DOCUMENT NO. T65312 is made as of this day of , 200_, by the CITY OF CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY, a public body corporate and politic under the laws of Minnesota ("EDA"), and Emplast, Inc., a Minnesota corporation ("Emplast"). WHEREAS, EDA's predecessor, the Housing and Redevelopment Authority in and for the City of Chanhassen, a Minnesota public body corporate and politic, and County 17, Chanhassen, a Minnesota general partnership, entered into an Assessment Agreement and Certification of Assessor dated February 1, 1990, filed of record on May 31, 1990, as Document No. T65312, in the office of Registrar of Titles, Carver County, Minnesota (the "A~reement"), regarding the land described as Lot 1, Block 1, Empak Addition, Carver County, Minnesota (the "Property"); WHEREAS, Emplast is the current record fee owner of the Property; and WHEREAS, the term of the Agreement expired on December 31, 1992. NOW THEREFORE, for good and valuable consideration, EDA and Emplast hereby confirm the termination in writing of the Assessment Agreement and Certification of Assessor dated February 1, 1990, filed May 31, 1990, as Document No. T65312, office of Registrar of Titles, Carver County, Minnesota, and authorize the Registrar of Titles in and for Carver County, Minnesota, to remove the memorial of Document No. T65312 from Certificate of Title Number 28219, or a subsequent certificate issued in replacement thereof. CITY OF CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY By: Thomas A. Furlong, Chair By: Todd Gerhardt, Executive Director EMPLAST, INC. By: Name: Title: State of MINNESOTA) )ss County of ) The foregoing instrument was acknowledged before me this _ day of 200_ by Thomas A. Furlong and by Todd Gerhardt, respectively the Chair and Executive Director of the City of Chanhassen Economic Development Authority, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. Notary Public Notary Seal: County of ) )ss ) State of The foregoing instrument was acknowledged before me this _ day of 200_, by , the Emplast, Inc., a Minnesota corporation, on behalf of the corporation. of Notary Public Notary Seal: Drafted by: