HomeMy WebLinkAboutIV. C. Termination of Development Agreement – Block 29 with Stotko SpeedlingJune 3, 2011
Greg Stotko
Stotko Speedling Construction, Inc.
1303 Eddy Street
Hastings, Minnesota 55033
RE: Termination of Preliminary Development Agreement – Lots 1 & 2,
Block 29.
Dear Greg,
This letter serves to terminate the Preliminary Development Agreement
dated June 11, 2009 (“Agreement”) between the Hastings Economic
Development and Redevelopment Authority (“HEDRA”) and Stotko
Speedling Construction, Inc. pertaining to the development of Lots 1 & 2,
Block 29, TOWN OF HASTINGS.
With your assistance, a proposal by Carlson Capital Management to
purchase the site and develop an office building has been submitted. On
June 2, 2011 HEDRA authorized signature of a Purchase and
Development Agreement between HEDRA and Carlson Capital
Management.
Please sign both copies of this letter and return one to me. I can be
reached at (651) 480-2378 with any questions.
Sincerely,
HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT
AUTHORITY
John Hinzman, AICP
Executive Director
I ACKNOWLEDGE THE TERMINATION OF THE AGREEMENT
STOTKO SPEEDLING
CONSTRUCTION, INC.
By: _______________________________
Its: _______________________________
HEDRA Meeting Packet - June 2, 2011Page 44 of 46