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CC_Minutes_2011_0912
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CC_Minutes_2011_0912
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10/11/2011 11:42:01 AM
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10/11/2011 11:41:53 AM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
9/12/2011
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Alternate I <br /> By motion, approve and enter into the Memorandum of Understanding with Sienna Green II <br /> Limited Partnership for disbursement of LCDA Grant funds; approve and consent to the <br /> Assignment of Memorandum of Understanding pertaining to the LHIA Grant funds; approve and <br /> enter into the Amended and Restated Memorandum of Understanding pertaining to the LHIA <br /> Grant funds; approve the form of the Mortgage and Promissory Note to be given by Sienna <br /> Green II Limited Partnership; approve and consent to the Assignment by Aeon and the <br /> Assumption by Sienna Green II Limited Partnership of Planned Unit Development Agreement <br /> PF07-068 and First Amendment to the Planned Unit Development Agreement #1382; approve <br /> and enter into the Assignment of the TIF Development Agreement by Aeon to Sienna Green II <br /> Limited Partnership; approve and enter into the Master Subordination Agreement and Estoppel <br /> Certificate with Sienna Green II Limited Partnership and U.S. Bank; approve and enter into the <br /> Master Disbursement Agreement with Sienna Green II Limited Partnership, U.S. Bank and <br /> Commonwealth Land Title; approve and enter into the Assignment of Development Agreement <br /> and Tax Increment Financing Note with Sienna Green II Limited Partnership and U.S. Bank; <br /> approve and consent to the Allonge Endorsement to County of Ramsey City of Roseville Tax <br /> Increment Revenue Note; approve and consent to the Assignment of Development Agreement by <br /> Sienna Green II Limited Partnership to Minnesota Housing Finance Agency; approve and <br /> consent to Assignment of Tax Increment Financing by Sienna Green II Limited Partnership to <br /> Minnesota Housing Finance Agency; and approve and enter into Master Subordination <br /> Agreement and Estoppel Certificate with Sienna Green and Minnesota Housing Financing <br /> Agency, in the forms attached to the City Council Packet materials as Attachments A through N, <br /> subject to modifications approved by the City Manager and City's legal counsel. <br /> Alternate II <br /> By motion, approve and enter into or consent to, whichever is designated, the documents <br /> included as Attachments A through N in the City Council packet materials, in the form shown, <br /> subject to modifications approved by the City Manager and City's legal counsel. <br />
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