HomeMy WebLinkAbout2016-147 (Reinstating Development Contract) RESOLUTION 2016-147
CITY OF STILLWATER
WASHINGTON COUNTY,MINNESOTA
A RESOLUTION REINSTATING A DEVELOPMENT CONTRACT
WHEREAS, a proposal has been submitted by Elevage Hotel Group, LLC ("ENG") and
Stillwater Caves LLC, ("Stillwater Caves") that a Development Contract dated December 3`d,
2013,that was terminated by order of the City Council on June 5th, 2015, and;
WHEREAS, the Contract was terminated for failure to provide evidence of funded
mortgage financing and failure to provide executed binding construction contracts for the
building of the Hotel,and;
WHEREAS, the parties request that the Development Contract be extended as well as
certain deadlines be extended as set forth in the proposed Amendment ("Amendment") attached
as Exhibit A;and;
NOW THEREFORE BE IT RESOLVED THAT the Amendment is hereby approved and
the Mayor and Clerk are authorized to sign the Amendment,subject to review and approval of a
final draft of the Amendment by the City Attorney, subject to the following condition:
1. That approval given is effective upon receiving any needed planning, zoning or parking
commission approvals for the project that are now pending.
Enacted by vote of the Stillwater City Council this 21st day of July,2016.
CITY OF STILLWATER
.."1:11467
Ted Kozlowski, Mayor
ATTEST:
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Diane F. Ward,Clerk