HomeMy WebLinkAbout2008-021
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CITY OF ARDEN HILLS
COUNTY OF RAMSEY
ST ATE OF MINNESOTA
RESOLUTION NO. 2008-021
APPROVING SECOND AMENDMENT TO THE PRELIMINARY
DEVELOPMENT AGREEMENT WITH RRLD, LLC.
WHEREAS, the City and Developer entered into that certain Preliminary
Development Agreement dated March 30, 2007 as amcnded by the First Amendment
thereto dated April 30,2007 (the "PDA"), and
WHEREAS, the parties have detennined a need to amend the PDA as further
described herein;
NOW, THEREFORE, in consideration of the covenants and obligations of the
parties hereto, the City and the Developer hereby agree as follows:
I. Section I I of the PDA is amended to read as follows:
Scction 11. Term of Agreement. This Agreement shall be effective through
March 31,2009, subject to earlier termination in accordance with Section 12. If for any
reason an MDA has not been entered into by the parties within the tcrm of this Agreement
or any other mutually approved extension thereof, this Agreement shall be null and void and
neither party thereafter shall have any liability or obligations to the other except as otherwise
provided in Section 12(c) in this Agreement.
2. The PDA remains in full force and effect and is not modified except as
expressly provided herein.
IN WITNESS WHEREOF, the City has caused this Agreement to be duly
executed in its name and behalf and the Developer has caused this Agreement to be duly
executed in its name and behalf on or as of the date first above written.
CITY OF ARDEN HIL
. ESOT A
By:
ts Inte
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. m City Administrator