Res 2001 - 67 Designating RMF as the Developer for the Mendota Heights Town Center Development/ CITY OF MENDOTA HEIGHTS
Dakota County, Minnesota
RESOLUTION NO. 01-67
RESOLUTION DESIGNATING RMF AS THE DEVELOPER FOR THE MENDOTA
HEIGHTS TOWN CENTER DEVELOPMENT
WHEREAS, the City is proceeding with the development of a mixed use development (the
"Development"), know as the Mendota Heights Town Center, Municipal Development District No. 1,
located at Highway 110 and Dodd Road (the "Development District");
WHEREAS, RMF Entities, LTD., a Minnesota Corporation, having its principal offices at 7625 Metro
Boulevard, Suite 145, Edina, MN 55439 (herein after "RMF") has special expertise in developments of the
type proposed for the Development District;
WHEREAS, RMF has proposed that the city designate RMF as the developer to undertake the
Development, with the exception of the senior housing to be developed by the Dakota County Community
Development Agency (the "CDA"), and enter into a period of exclusive negotiation with RMF regarding a
Redevelopment Contract to undertake the Development; and
WHEREAS, the City believes that it is in the best interest of the City to contract with a single developer to
undertake the Development on a coordinated basis;
NOW THEREFORE BE IT RESOLVED:
1. The City will undertake to negotiate an Exclusive Developer Designation Agreement (the
"Agreement") with RMF designating RMF for an exclusive negotiation period through June 1, 2002, for
purposes of entering into a definitive Redevelopment Agreement to undertake the Development.
2. The Agreement shall require RMF to:
(a) commit to undertake the Development in substantial conformity with the Development District
Plan and the City adopted Development guidelines and plan;
(b) to provide the City with a proposed phasing plan not later than February 1, 2002 for all phases of
the Development; and
(c) to provide the City with a proposed development pro forma for all phases and the project as a
whole not later than February 1, 2002, including financial information provided by the City for
public improvements and the CDA for the senior facility.
3. The City Council will review the progress of the negotiations and consider a proposed Agreement for
approval at the first meeting in November.
Adopted by the City Council of the City of Mendota Heights this day of October, 2001.
ATTEST:
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
By: 0,.,. ,.
Charles E. Mertensotto, Mayor
a.ziee..g.t.)M
athleen M. Swanson, City Clerk