CCP 09-23-2014 - Laserfiche WebLink

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SUBDIVISION AGREEMENT APi GROUP TRAINING CENTER DEVELOPMENT THIS AGREEMENT dated_, . 2014, by and between the CITY OF NEW BRIGHTON, a Minnesota municipal corporation ( "City "), and APi Group Headquarters, LLC, a Minnesota limited liability company ( "APi "). RECITALS: WHEREAS, APi is the fee owner of property located in the City of New Brighton, County of Ramsey, State of Minnesota and legally described on attached Exhibit 1 (the "Property "); and WHEREAS, City and APi have entered into a Contract for Private Redevelopment dated January 14, 2014 (the "Redevelopment Agreement ") for, among other things, redevelopment of the Property; and WHEREAS, the Redevelopment Agreement requires that the APi enter into this Subdivision Agreement; and WHEREAS, on July 22, 2014, the City Council passed Resolution No. 14 -063 approving the Minor Subdivision of Lot 1, Block 3, Long Lake Landing and Resolution No. 14 -064 conditionally approving the Site Plan (defined below) for development of a 1.94 acre parcel with a 3 story, 45,000 SF training center and office building within the New Brighton Exchange Redevelopment Area located at the northwest corner of Northwest Parkway and Old Highway 8 NW (City Resolution No. 14 -063 and Resolution No. 14 -064 collectively referred to as "City Resolutions "). NOW, THEREFORE, it is hereby agreed by and between the City and the APi as follows: 1. INCORPORATION. The above Recitals, the Redevelopment Agreement, the City Resolutions, and all Exhibits attached to this Subdivision Agreement are a material part of this Subdivision Agreement and are incorporated herein. 2. RIGHT TO PROCEED. Following execution of this Agreement, APi may commence development of the Subject Property in conformance with the Site Plan, terms and conditions contained herein and upon making application for a building permit, subject to review and approval of the City. Developer acknowledges that if the Developer fails to satisfy the conditions of this Agreement and such failure continues for a period of ten (10) business days following written notice from the City, the City may withhold issuance of any building permit, Certificate of Occupancy or protective inspections necessary for construction and occupancy of the proposed development. The development and use of the Subject Property shall, at all times, comply with this Agreement, the City Resolutions, and all applicable local, state and federal rules and regulations. All work contemplated herein shall be