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HomeMy WebLinkAbout2008-040 ~ ~HILLS CITY OF ARDEN HILLS COUNTY OF RAMSEY ST ATE OF MINNESOTA RESOLUTION NO. 2008-040 RESOLUTION APPROVING THE SETTLEMENT AGREEMENT REGARDING PID #22 30 23 42 0007 AND 1330 INDIAN OAKS CIRCLE WHEREAS: The City of Arden Hills is involved in a lawsuit concerning the property located at 1330 Indian Oaks Circle. WHEREAS: The City and the property owner of 1330 Indian Oaks Circle have reached an agreelnent with respect to the lawsuit. WHEREAS: The City Council agreed to the general terms of a settlement agreement at a City Council Meeting on May 27,2008. WHEREAS: Since that date the City Staff has worked out a proposed settlement agreement between the parties. NOW THEREFORE BE IT RESOLVED: That the Council of the City of Arden Hills approves the settlement agreelnent between the City of Arden Hills and US Bank National Association and authorizes the Mayor and City Administrator to execute all documents in substantial conformance with the delivered agreement. ADOPTED BY THE CITY COUNCIL OF T < OF AUGUST, 2008. ~~: ..~ 7~~ Ronald J.