1 Release of Land From Contracts for Private Redevelopment
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
MEMORANDUM
TO:
Todd Gerhardt, Executive Director
FROM:
Justin Miller, Assistant Executive Directo~ iI1. ~ .
March 6, 2006
DATE:
SUBJ:
Release of Land from Contracts for Private Redevelopment - Lot
1, Block 1, Market Square Second Addition (Wendy's)
The owner of Wendy's has requested that the EDA grant a release of land from
their contracts for private redevelopment for their project. Wendy's International
is in the process of selling the property to a franchisee, and they need this release
in order to finalize the process. Staff has reviewed the files and finds the project
complete and in compliance with the redevelopment contract. It is therefore
recommended that the EDA approve the attached certificate of compliance.
RECOMMENDA TION
Staff recommends that the Chanhassen EDA approve the attached "Release of
Land from Contracts for Private Redevelopment". Approval of this item requires
a majority vote of the EDA.
G:\Admin\JM\TIF\Wendy's Staff Report.doc
The City 01 Chanhassen . A growing community with clean lakes, quality schools, a channing downtown, thriving businesses, winding trails, and beautiful parks. A great place to live, work, and play.
RELEASE OF LAND
FROM
CONTRACTS FOR PRIVATE REDEVELOPMENT
Date:
,2006.
KNOW ALL BY THESE PRESENTS, that the real property in Carver County,
Minnesota, legally described as follows:
Lot 1, Block 1, Market Square Second 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 Housing and
Redevelopment Authority in and for the City of Chanhassen, now known as the
Economic Development Authority in and for the City of Chanhassen, a Minnesota public
body corporate and politic and Market Square Associates Limited Partnership, a
Minnesota limited partnership, dated February 28, 1992, and recorded March 5, 1992, in
the Office of the Carver County Recorder as Document No. 132830; and
(2) That certain Contract for Private Redevelopment by and between the Housing and
Redevelopment Authority in and for the City of Chanhassen, now known as the
Economic Development Authority in and for the City of Chanhassen, a Minnesota public
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body corporate and politic and Lotus Realty Services, Inc., a Minnesota corporation,
dated August 10, 1994, and recorded August 11, 1994, as Document No. 170652.
ECONOMIC DEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF CHANHASSEN
By:
Todd Gerhardt
Its Executive Director
By:
Tom Furlong
Its Chairperson
STATEOFMINNESOTA )
)ss.
COUNTY OF CARVER )
The foregoing instrument was acknowledged before me this _ day of March, 2006,
by Todd Gerhardt and Tom Furlong, the Executive Director and Chairperson of the Economic
Development Authority in and for the City of Chanhassen, a public body corporate and politic,
under the laws of the State of Minnesota, on its behalf.
Notary Public
THIS INSTRUMENT WAS DRAFTED BY:
CAMPBELL KNUTSON
Professional Association
1380 Corporate Center Curve
Suite 317
Eagan, Minnesota 55121
Telephone: 651-452-5000
AMP/cjh
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