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13-010
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13-010
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11/7/2018 2:27:20 PM
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3/4/2013 2:57:28 PM
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CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION NO.13-010 <br />A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF AN <br />AMENDMENT TO THE TITLE AGREEMENT WITH THE VIEW AT LONG <br />LAKE, LLC. <br />BE IT RESOLVED by the City Council (the "Council") of the City of New Brighton, <br />aota (the "City") as follows: <br />Section 1. Recitals. <br />1.01. On April 26, 2011 the City Council approved an agreement (the "Title <br />Agi eement") with Stuart Development Company d/b/a The View at Long Lake, LLC (the <br />"Redeveloper") regarding a quiet title action for land conveyed to the Redeveloper as part <br />of I he View Apartments .at Long Lake (the "Property"). <br />1.02. The Redeveloper's previous lender ("Wells Fargo"), who was a party to the <br />Agreement, has since been paid off and no longer has a mortgage interest in the <br />perty• <br />1.03. The City and the Redeveloper mutually agree that it is not worth pursuing the <br />title action and desire to terminate the legal proceeding as defined in the Title <br />Section 2. Aaproval of Amendment of Title Agreement <br />2.01. The City Council hereby approves the Amendment to the Title Agreement and <br />rizes the Mayor and City Manager to execute and deliver the Amendment when the <br />ing condition is met: <br />1. Substantial conformity of the Amendment to the form of <br />contract presented to the City as of this date, with such <br />additions and modifications as the Officers may deem <br />desirable or necessary as evidenced by the execution thereof. <br />Adopted by the Council of the City this 22nd day of January 2013. <br />
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