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RESOLUTION AUTHORIZING ACCEPTANCE OF EASEMENTS FROM J & S PARTNERSHIP, LLP, J & S V, LLC, AND GLENN AND SALLY PRATT FOR J & S/ONEOTA REDEVELOPMENT PROJECT AT A COST OF $50,000, AND RESCINDING RESOLUTION 11-0034R.
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CITY PROPOSAL:
RESOLVED, that the proper city officials are hereby authorized to enter into an agreement, attached as Agreement Exhibit A with J & S Partnership, LLP, J S & V, LLC, and Glenn and Sally Pratt, accepting various utility easements from them in furtherance of J & S's redevelopment of property below Grand Avenue from 44th Avenue West to 46th Avenue West at a cost not to exceed $50,000, payable from Economic Development Fund 255.
FURTHER RESOLVED, that Resolution No. 11-0034R is hereby rescinded.
Statement of Purpose
STATEMENT OF PURPOSE: The purpose of this resolution is to authorize an agreement with J & S Partnership, LLP, J & S V, LLC, and Glenn and Sally Pratt, accepting various utility easements from them at no cost to the city in furtherance of J & S's redevelopment of property below Grand Avenue from 44th Avenue West to 46th Avenue West.
J & S Partnership is a limited partnership in which the principals are Ron Johnson and Fred Strom. They, in the form of this limited partnership and another limited partnership, and Glenn and Sally Pratt have undertaken the redevelopment of property in the Oneota neighborhood which lies between 44th and 46th Avenues West below Grand Avenue; the property is principally located adjacent to 45th Avenue West and vacated Traverse (or Second) Street. See the attached area map.
The city has secured a Minnesota Department of Employment and Economic Development (DEED) Redevelopment grant in the amount of $664,780 to cover the costs associated with the acquisition of the easements and the infrastructure construction.
The easements are granted in conjunction with various vacations and other dedications which will be used for a new gas main, new water main including fire sa...
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