pf_01857 - Laserfiche WebLink

Home

Kaufhold. The City shall furnish, legal, engineering, and administrative services necessary to accomplish this sale. T'n� deed transferring said one (1) acre of land shall be subject to easements, reservations, and restrictions of record, if any. Kaufhold will pay any taxes due and any unpaid assessments due in calendar year 1988. The parties agree that this property has been tax exempt, except that it has not been exempt from special assessments, and Kaufhold will be responsible for any unpaid special assessments. 3. Tax Increment Financing. It is contemplated that Kaufhold will request tax increment financing from the City when he develops the Lexington school site between July 31, 1990 and July 31, 1998. The City will use its best efforts to give favorable consideration to Kaufhold's request for such tax increment financing if it is made. 4. Zonin This Agreement is conditioned upon the City rezoning the Lexington School parcel so that the lots on the preliminary plat of the Lexart Division subdivision dated July 28, 1988 shall be zoned as follows: a. Lot 1 - to be zone(. R-1. b. Lot 2 - to be zoned R-3A. C. Lot 3 - to be zoned B-3. 5. One Acre From School District. The Independent School District No. 623 will be retaining one acre of the Lexington School site and shall be transferring the same to the City of Roseville by warranty deed to consideration outside of the purview of this Agreement. Such transfer, however, is a precondition to this Agreement becoming effective. 6. Time. It is contemplated by the parties that those actions necessary to accomplish the requirements of this agreement will be done as close as possible to the closing date between Kaufhold and Independent School District No. 623. 7. Dismissal and Release. Kaufhold has in the past filed applications with the city for various and different uses of his land, and said applications have been denied by the City. The land referred to is the land Kaufhold purchased from School District 623 at the corner of Lexington Avenue and County Road B in the City of Roseville. These applications which have been denied have been. for zoning changes, variances, and applications to plat the property. Kaufhold has expressed the opinion that some of these denials were unlawful and has threatened the City with litigation. In the event Kaufhold has commenced any such litigation, he will promptly dismiss the same with prejudice. Kaufhold further acknowledges that in consideration of the City paying $118,000 for the land set forth in paragraph 2, that he hereby releases and discharge: the City from all causes of action he may have against the City f•.)r any of the City's actions denying the applications refereed to above.