Loading...
HomeMy WebLinkAbout20081215 - VI-19VI-19 MEMORANDUM December 10, 2008 TO: The Honorable Mayor and Council FROM: John Grossman, HRA Director RE: Certificate of Completion for Lanoga Corporation (UBC) Under the terms of the Warranty Deed for the Industrial Park property and the Development Agreement with Lanoga Corp., the City will provide a Certificate of Completion when all the improvements (building and landscaping) are complete and the job goals have been met. The Building Department issued the final Certificate of Occupancy on November 16, 2007, documenting that all work has been completed. Lanoga reported their job numbers in April, 2008, and the State Department of Employment and Economic Development was notified that the job goal was met on May 1, 2008. The goal was four jobs at a minimum of $13.00 per hour. Lanoga created eight jobs at an average wage well over the minimum, plus medical benefits. The only requirement remaining is the five year rule: Lanoga agreed to continue business operations in Hastings for five years after the benefit date, until April 21, 2011. The attached Certificate of Completion includes this exception. Action: Authorize execution and recording of the attached Certificate of Completion. CERTIFICATE OF COMPLETION WHEREAS, the City of Hastings, Minnesota, a home rule charter city ("City") has conveyed the following described real property to Lanoga Corporation, a Minnesota Corporation (the "Developer") which conveyance occurred pursuant to a Warranty Deed (the "Deed") dated as of July 5, 2005 and filed with the County Recorder or Registrar of Titles for Dakota County on August 24, 2005, as Document No.2354601: The South 520 feet of Lot 2, Block 1, Hastings Industrial Park Number 3, according to the recorded plat thereof, Dakota County, Minnesota. (the "Property"); and WHEREAS, the Deed was given subject to the covenants, conditions, restrictions and provisions of a Purchase and Development Agreement entered into between the City and the Developer on July 5, 2005, (hereafter referred to as the "Agreement"); and WHEREAS, the Deed and the Agreement contain certain covenants and obligations on the part of the Developer concerning the development of the improvements and creation of jobs described therein; and WHEREAS, the Developer has to the present date performed said covenants and conditions insofar as the Developer is able in a manner deemed sufficient by the City to permit the execution and recording of this certification; and WHEREAS, this Certificate of Completion is the Certificate of Completion identified in Section 1 of the Deed; and NOW, THEREFORE, this is to certify that all building construction and other physical improvements specified to be done and made by the Developer on the above described parcel of property have been completed and the job goals have been met. This Certificate shall not relieve the Developer of any other obligations of the Developer under the Agreement, including the obligation that Lanoga Corporation, its successors or assigns will continuously operate the improvements in Hastings for five years after the Certificate of Occupancy was issued on April 21, 2006. Dated: , 2008 CITY OF HASTINGS, MINNESOTA By Paul J. Hicks, Mayor By Melanie Mesko Lee, City Clerk STATE OF MINNESOTA) )ss. COUNTY OF ) The foregoing instrument was acknowledged before me this day of 2008, by Paul J. Hicks and Melanie Mesko Lee, the Mayor and City Clerk of the City of Hastings, Minnesota, a home rule charter city organized and existing under the laws of the state of Minnesota, on behalf of the City. Notary Public This document was drafted by: Bradley & Deike, P.A. 5100 Eden Avenue, Suite 308 Edina, MN 55436 Telephone: (952) 926-5337