2021-03-24 CC Packet - Laserfiche WebLink

Home Browse Search

MEMORANDUM OF UNDERSTANDING City of Centerville and Centra Homes, LLC Whereas, the City of Centerville and Centra Homes, LLC, desire to enter into this Memorandum of Understand to further the sale and redevelopment of City-owned property known as Block 7, Centerville, Anoka County, Minnesota. The parties are not bound to each other until such time as a formal agreement enjoins the parties or this real property. Whereas, Centra Homes initially proposes to construct 24 units of attached Townhomes on Block 7, Centerville, but may, explore more or less units of similar style within the density requirements of the M-2 Zoning District; and, Whereas, the City of Centerville has provided Centra Homes, LLC with all existing documentation related to the site, including soil borings, certificates of survey, environmental reports and other similar documents and that any further information deemed necessary to complete the due diligence for the site shall be the responsibility of Centra Homes, LLC Whereas, the City of Centerville and Centra Homes agree to engage in design development discussions over the next six months, during which time the city will not seek or entertain proposals from other developers. Whereas, the City of Centerville requires that funds be escrowed to cover the costs of staff and consultants time involving the review of plans, inspection of construction, and formulating legal documents for the project in question; and, Whereas, the City requires certain fees to offset the cost of this development and to pay for the impact of the new construction on our utility systems; and; Whereas, both entities have determined and agreed the costs, fees, and land price, associated with this project and the sale of this real property shall be consistent with the Response to Request for Proposals (RFP) for Block 7 Redevelopment, submitted to the City by Centra Homes, LLC, and reviewed and recommended by the Centerville Planning and Zoning Commission on February 2, 2021. A copy of this document is attached; and, Whereas, in addition to the terms in the Response to RFP for Block 7 Redevelopment, the parties have determined and agreed as follows: develop Block 7, and these costs shall not exceed $100,000. These off-site costs may include but are not limited to a proposed streetscape plan, electrical service, or water irrigation systems in the vicinity of Block 7; Page 1 of 3