5.1.
HRA Regular Session
- Meeting Date:
- 12/10/2013
- By:
- Tim Gladhill, Community Development
Information
Title:
Adopt Resolution #13-12-233 Approving Conveyance of Outlots B & C COR TWO to Northstar Marketplace Station, LLC
Purpose/Background:
The HRA approved the Final Plat for COR TWO NORTHSTAR on November 26, 2013, which was originally part of the COR TWO Plat. In order to ensure the proper recording of said Plat, Staff is suggesting the adoption of the approved resolution to avoid any potential barriers to recording. It is assumed that the previously approved agreements with Sophia-Ramsey, LLC shall be sufficient. However, given that this is the last HRA meeting for the year, Staff is suggesting this resolution to avoid any potential delays with recording, which would result in a delay after the first of the year. The impetus is the change in legal descriptions from the originally approved agreements.
Notification:
No notification required at this time. The revised Plat is consistent with past approvals.
Observations/Alternatives:
The City Council previously granted Final Plat Approval to COR TWO in 2012. At that time, the plat included reconfiguration of Lots 1 and 2, Ramsey Town Center 3rd Addition. The Ramsey Town Center 3rd Addition is more commonly known as Northstar Marketplace or the Coborn's anchored retail center. Due to timing of the plat and associated tax requirements, the owners of Lots 1 and 2 have requested a delay to recording the plat of COR TWO.
Presently, the legal description of the parcels in question are Outlots B & C, COR TWO. However, once conveyed to Northstar Marketplace Station, LLC, they will be absorbed into the yet to be recorded plat known as COR TWO NORTHSTAR, which has already been approved by the HRA. This resolution will provide additional assurances that the plat can be properly recorded by the end of the year.
Presently, the legal description of the parcels in question are Outlots B & C, COR TWO. However, once conveyed to Northstar Marketplace Station, LLC, they will be absorbed into the yet to be recorded plat known as COR TWO NORTHSTAR, which has already been approved by the HRA. This resolution will provide additional assurances that the plat can be properly recorded by the end of the year.
Funding Source:
All costs associated with the Application are the responsibility of the Applicant.
Recommendation:
Staff recommends that the HRA adopt Resolution #13-12-232 approving the conveyance of Outlots B & C, COR TWO to Northstar Marketplace Station, LLC.
Action:
Motion to adopt Resolution #13-12-232 approving the conveyance of Outlots B & C, COR TWO to Northstar Marketplace Station, LLC.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Chris Anderson | Chris Anderson | 12/05/2013 02:51 PM |
| Kurt Ulrich | Kurt Ulrich | 12/05/2013 03:25 PM |
- Form Started By:
- Tim Gladhill
- Started On:
- 12/05/2013 01:57 PM
- Final Approval Date:
- 12/05/2013