87-161
RESOLUTION NO.
16~-87
.
WHEREAS, The City of Shorewood (the city) has entered into
a Development Agreement dated August 24, 1987 with
William B. Ecoff (the developer) for the develop-
ment of The Towne Addition; and
WHEREAS, Paragraph 18 of such Agreement provides for a per-
formance guaranty in the form of an irrevocable
letter of credit approved by the City in an amount
equal to 150% of the total cost of the improvements;
and
WHEREAS, Developer had obtained such a letter of credit from
the Ridgedale State Bank in the sum of $108,000.00,
which letter is dated August 26, 1987, and entitled
Irrevocable Letter of Credit No. 182; and
WHEREAS, The City has accepted certain site work completed
by the developer.
WHEREAS, The developer has requested that the Letter of
Credit be reduced to 150% of the total improve-
ments yet to be completed.
.
NOW, THEREFORE BE IT RESOLVED by the City Council of the
City of Shorewood, Minnesota, that:
1. The original Letter of Credit required by Paragraph 18 of
the Development Agreement may be reduced to the sum of
150% of the total improvements yet to be completed.
2. The City Administrator is hereby instructed to inform
the Ridgedale St~te Bank that Irrevocable Letter of
Credit No. 182 may be reduced to the sum of $30,000.00
as requested by the developer.
ADOPTED by the City Council of the City of Shorewood, Minnesota,
this 14th day of December , 1987.
Robert Rascop
Mayor
.
Sandra L. Kennelly
City Clerk
.
.
.
~'
RESOLUTIOO 00. /~/ -137
RESOLUTIOO APPROVINJ SUBDIVISIOO OF REAL PROPERlY
WHEREAS, Robert J. Walz and Florence Ellen Walz (Applicants) are
the owners of certain real property in the City of Shorewood, County of
Hennepin, State of Minnesota, legally described in Exhibit A, attached
hereto and made a part hereof; and
WHEREAS, Applicants have applied to the City for a subdivision of
said real property into two parcels legally described in Exhibit B,
attached hereto and made a part hereof; and
WHEREAS, Applicants and all other parties holding an interest in
the said real property have agreed to grant to the City certain drainage
and utility easements legally described in Exhibit C, attached hereto and
made a part hereof; and
WHEREAS, a public hearing was held by the Shorewood Planning
Cammission on 1 December 1987, for which notice was duly published and all
adjacent property owners were duly notified.
N:lV, 1HEREFORE, BE IT RESOLVED by the City Council of the City of
Shorewood as follows:
1. That the real property legally described in Exhibit A be
divided into two parcels, legally described in Exhibit B.
2. That the City Clerk furnish Applicants with a certified copy
of this resolution for recording purposes.
3. That Applicants record this resolution, together with the
drainage and utility easements legally described in Exhibit C with the
Hennepin County Recorder or Registrar of Titles within thirty (30) days of
the date of the certification.
AOOPrED BY '!HE CITY OXJNCIL of the City of Shorewood this 14th day of
December, 1987.
Robert Rascop, Mayor
ATTEST:
Sandra L. Kennelly, City Clerk
PARCEL 1
.
That part of Lot 12, Block 2, MINNE'f(N(A I.VJAN)R,
according to the recorded plat thereof, lying
northeasterly of a line drawn from a point on the
northwesterly line of said lot distant 90.45 feet
southwesterly of the most northerly corner of said lot
to a point on the southerly line of said lot distant
127.60 feet westerly of the most easterly corner of
said lot.
PARCEL 2
.
Lot 12, Block 2, Minnetonka Manor, according to the
recorded plat thereof, except that part lying
northeasterly of a line drawn from a point on the
northwesterly line of said lot distant 90.45 feet
southwesterly of the most northerly corner of said lot
to a point on the southerly line of said lot distant
127.60 feet westerly of the most easterly corner of
said lot.
EXHIBIT B
.
Form No. 28.M-CUIT CLAIM DEED
" ..w..._,....,_w......."'__"....H.~_M _... ,,_ _~_'_~"'~___M
Individual (s) to Corporation
or Partnership
Minnesota Uniform Conveyancing Blanks (1978)
Miller-Davis Co., Minneapolis
COUNTY OF
Hennp.p i
-
ansfer en tered; Certificate
) filed ( ) not required
alue No.
,19_
County Auditor
Deputy
EREON: $ 1. 65
, 19 JlL
(reserved for recording data)
ERATION, Robert J. Wal z and Florence Ellen Walz.
d and wife, , Grantor (s),
(marital status)
laim (~ to Ci ty of Shorewood
, Grantee,
tion under the laws of Minnesota ,
n County, Minnesota, described as follows:
nt for drainage and utility purposes, over, under and across
00 feet, the Southerly 10.00 feet, and the Easterly 10.00 feet
described property:
Minnetonka Manor, according to the recorded plat thereof,
lying northeasterly of a line drawn from a point on the
e of said lot distant 90.45 feet southwesterly of the most
of said lot to a point on the southerly line of said lot
et westerly of the most easterly corner of said lot.
(if more space is needed, continue on back)
nts and appurtenances belonging thereto.
Robert J. Walz
mp Here
Florence Ellen Walz
n } 88.
t was acknowledged before me this day of , l!L.lIT..,
d Florence Ellen Walz. husband and wi fe
, Grantor (s).
.-*"....
R OTHER TITLE OR RANK)
SIGNATURE OF PERSON TAKING ACKNOWLEDGMENT
Tax Statements for the real property described In thl. instrument should
...1 be .ent to (Include name and addle.. of Grantee):
City of Shorewood
5755 Country Club Road
. . - ----~..,.,. ._--_.,-". Shorewood, Minnesota 55331
DBY
hy, P.A.
oulevard
5345
EXHIBIT C
.
No delinquent taxes and tr
of Real Estate Value (
Certificate of Real Estate V
.
by
STATE DEED TAX DUE H
Date:
FOR VALUABLE CONSlD
husban
hereby convey (81): and quitc
a Mmicipal Corpora
real property in Hennepi
A permanent easeme
the Northerly 10.
of the following
Lot 12, Block 2,
except that part
northwesterly lin
northerly corner
distant 127.60 fe
.
together with all hereditame
Affix Deed Tax Sta
STATE OF MINNESOTA
The foregoing instrumen
by Robert J. Walz an
r. NOTARIAL STAMP OR SEAL (0
I
:
Froberg & Penbert
17736 Excelsior B
Minnetonka, 1VN 5
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