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Item 1.C.
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| Date: | 07/14/2025 |
| Title: | Park 1 Condominium Declaration - Amendment 1 |
| Presented by: | |
| Department: | City Hall Administration |
| Presentation: | No |
| Legal Review: | Template Contract |
| Project Number: | N/A |
RECOMMENDATION
Staff recommends that Council approve amendment 1 to the Park 1 3rd Ave N Garage Condo Declaration.
BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)
The purchaser of the Subject Property, TD Properties and/or assigns, has requested that Section 15 of Condo Declaration be amended to add the words "and their Tenants" to the last sentence in Section 15. This is one of the items included in the contingency notice from the Buyer. This language modifies the benefits of just Condo Association Ownership to Condo Association Ownership and their Tenants.
STAKEHOLDERS
Stakeholders include
City:
City:
- City Council
- Administration
- City Attorney
- Bryce Burker with Moulton Bellingham
- Matt Robertson with NAI Business Properties
ALTERNATIVES
City Council may:
- Approve; or,
- Not Approve
FISCAL EFFECTS
The immediate financial impacts include the cost of Moulton Bellingham reviewing the proposed change and drafting the amended Condo Declaration.