Laserfiche WebLink
MEMORANDUM OF RESTATED AND AMENDED <br />CONTRACT FOR PRIVATE REDEVELOPMENT <br />THIS MEMORANDUM OF RESTATED AND AMENDED CONTRACT FOR <br />PRIVATE REDEVELOPMENT (this "Memorandum "), entered into as of September <br />2014, by and between the CITY OF NEW BRIGHTON, a Minnesota municipal <br />corporation (the "City "), and PULTE HOMES OF MINNESOTA LLC, a Minnesota <br />limited liability company (the "Redeveloper "). <br />RECITALS <br />WHEREAS, the City and the Redeveloper have entered into a Restated and <br />Amended Contract for Private Redevelopment dated April 8, 2014 (the "Original <br />Agreement ") for the redevelopment of certain real property described in the Original <br />Agreement, located in Ramsey County, Minnesota, and legally described on the attached <br />Exhibit A (the "Property "). <br />WHEREAS, the City and the Redeveloper have amended the Original Agreement, <br />pursuant to that certain First Amendment to Restated and Amended Contract for Private <br />Redevelopment dated as of June 24, 2014 (the "First Amendment "). The Original <br />Agreement and First Amendment are collectively referred to herein as the <br />"Redevelopment Agreement ". <br />WHEREAS, the City and the Redeveloper wish to memorialize the <br />Redevelopment Agreement by the execution and recording of this Memorandum. <br />NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of <br />which is hereby acknowledged, City and Redeveloper hereby agree as follows: <br />1. Recitals. The foregoing recitals are correct and are incorporated herein. <br />2. Incorporation by Reference. The terms and conditions of the <br />Redevelopment Agreement are incorporated by reference into this Memorandum as if set <br />forth fully herein at length. <br />3. Term. The Redevelopment Agreement terminates on the earlier to occur <br />o£ (i) December 31, 2035 or (ii) the earlier termination of the Redevelopment Agreement <br />pursuant to the terms of the Redevelopment Agreement. <br />4. Notice of Agreement. This Memorandum has been executed and <br />delivered by Redeveloper and City for the purpose of recording and giving notice of the <br />existence of the Redevelopment Agreement. <br />5. Counterparts. This Memorandum may be executed in any number of <br />counterparts and each such counterpart shall be deemed to be an original instrument, but <br />all such counterparts together shall constitute but one agreement. <br />