HomeMy WebLinkAbout91-46 - ADMIN Resolution - City Council - 1991/02/25FEBRUARY 25, 1991 8h
RESOLUTION NO. 91-46
A RESOLUTION AUTHORIZING EXECUTION OF A SETTLEMENT
AGREEMENT AMONG THE CITY, WELLINGTON TRUST
COMPANY AND KYJIT, INCORPORATED:
CONTRACT NO. 1991
WHEREAS, the Wellington Trust Company, owner of the Park Glen
Apartments, has filed suit against the City of St. Louis Park
alleging the City's rezoning and Comprehensive Plan amendments at
4350 and 4400 Park Glen Road (owned by Klodt, Inc.) will
economically damage the Wellington Trust Company; and
WHEREAS, after deliberation, the City, Wellington Trust
Company, and Klodt, Inc., have agreed to amicably resolve their
differences; therefore,
BE IT RESOLVED by the St. Louis Park City Council that it
hereby authorizes execution of a settlement agreement among the three
parties (St. Louis Park Contract No. 1991).
Adopted by the City Council February 25, 1991.
4) h/4-44.)
/s/ Lyle W. Hanks
ttest:
City Clerk S/Beverly A. Fl , agan
Reviewed for administration: Approved as to form and execution:
i2sau..&Q ph i
City Manager /s/ W. C. Dixon City Attorney /s/ Suesan Pace -Shapiro