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Res 2018- 30 Cancelling Letter of Intent with Trammell Crow- Village LotsCITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION 2018-30 RESOLUTION CANCELLING A LETTER OF INTENT BY AND BETWEEN THE CITY OF MENDOTA HEIGHTS AND TRAMMELL CROW CHICAGO DEVELOPMENT, INC. FOR THE PROPOSED PURCHASE OF THREE LOTS AND OUTLOT D WHEREAS, on March 21, 2017, the City Council of the City of Mendota Heights entered into a Letter of Intent with Trammell Crow Chicago Development, Inc., and which was signed by the parties effective March 28, 2017; and WHEREAS, said Letter of Intent was for the potential development of a multistory apartment building for active adults, and would have been constructed in a size between 150 to 165 living units, to be located between Linden Street and Dodd Road in the City; and WHEREAS, upon research and review, said proposed development was deemed by the City Council to be inconsistent with the overall character of the surrounding neighborhood in terms of size, scope, and the impact on area traffic. NOW THEREFORE IT IS HEREBY RESOLVED by the City Council of the City of Mendota Heights that the Letter of Intent signed March 28, 2017, with Trammell Crow Chicago Development, Inc. for the potential development of three parcels, identified as Parcel Identification Numbers 274833503020, 274833503010, and 274833502010, and Outlot D in the Mendota Heights Town Center plat; is hereby cancelled. NOW THEREFORE BE IT FURTHER RESOLVED by the City Council of the City of Mendota Heights that any further development negotiations related to the above -referenced properties shall proceed without reference to the Letter of Intent. The City Council may require negotiation, drafting and execution of a new Letter of Intent or a Pre -Development Agreement, to set forth the parameters and timelines of any preliminary approval of a future development. Adopted by the City Council of the City of Mendota Heights this 17th day of April, 2018. CITY COUNCIL CITY OF MENDOTA HEIGHTS Kn_JZ-JE Neil Garlock, Mayor Lorri Smith, City Clerk