HomeMy WebLinkAbout12-047 - ADMIN Resolution - City Council - 2012/03/19RESOLUTION NO. 12-047
RESOLUTION AUTHORIZING A PUD DEVELOPMENT AGREEMENT
WITH WEA, LLC RELATED TO A MULTIFAMILY HOUSING
DEVELOPMENT AT 5310 16TH STREET WEST AND RELEASE OF THE
PROPERTY FROM TWO PREVIOUS AGREEMENTS
WHEREAS, WEA, LLC, a Minnesota limited liability company, owns the property at
5310 16th Street West, St. Louis Park, Minnesota ("Subject Property"), and legally described as:
Lot 3, Block 1, THE SHOPS AT WEST END, Hennepin County, Minnesota
WHEREAS, the Subject Property is located within and is a part of a larger
redevelopment named "The West End Redevelopment Project" developed by A.D. West End,
LLC, that was approved by City Council Resolution No. 08-057 and subsequently amended by
City Council Resolution Nos. 08-128, 09-040, and 09-064.
WHEREAS, On September 7, 2010, the City Council adopted Resolution No. 10-093
granting a Major Amendment to the Final PUD for the West End Redevelopment Project and
Resolution No. 10-094 granting a variance relating to the Subject Property for development of a
multifamily housing project. On January 18, 2011, the City Council granted a Minor
Amendment to the Final PUD for the West End Redevelopment Project. On November 7, 2011,
the City Council adopted Resolution No. 11-110 reauthorizing the variance granted by
Resolution 10-094. (The above Resolutions relating to the Subject Property are referred to
collectively as "Resolutions").
WHEREAS, a PUD Development Agreement pertaining to the Subject Property has
been prepared pursuant to Section 36-367(e)(6) of the St. Louis Park Zoning Ordinance and as a
condition of the Resolutions.
WHEREAS, WEA, LLC requests that the City of St. Louis Park release the Subject
Property from the Development Contract filed as Document No. 4790583 and the Amended and
Restated Planning Development Contract filed as Document No. 4790584.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of St. Louis
Park, Minnesota, that:
1. The Mayor and City Manager are hereby authorized to enter into a PUD Development
Agreement with WEA, LLC related to development of a multifamily housing development.
2. Upon recording of the PUD Development Agreement, the Mayor and City Manager are
ereby authorized to release the Subject Property from the Development Contract filed as
cument No. 4790583 and the Amended and Restated Planning Development Contract
d as Document No. 4790584.
Administration
City
Attest:
City
(Adopt y'th City Council March 19, 2012
May