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VII.1. Approve Resolution 2019-097 and 2019-098 related to Doran matter1 610788v5BE295-315 December 17, 2019 Council Report 2019-129 CITY APPROVE RESOLUTION 2019-097 APPROVING THE MEDIATED SETTLEMENT AND THE ADDENDUM TO THE MEDIATED SETTLEMENT AGREEMENT AND RELEASE BETWEEN THE CITY OF HOPKINS, THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF HOPKINS, DORAN 810 LLC AND DORAN 810 APARTMENTS, LLC AND APPROVE RESOLUTION 2019-098 APPROVING THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT BETWEEN THE CITY OF HOPKINS, THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF HOPKINS, DORAN 810 LLC AND DORAN 810 APARTMENTS, LLC HRA APPROVE RESOLUTION 530 APPROVING THE MEDIATED SETTLEMENT AND THE ADDENDUM TO THE MEDIATED SETTLEMENT AGREEMENT AND RELEASE BETWEEN THE CITY OF HOPKINS, THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF HOPKINS, DORAN 810 LLC AND DORAN 810 APARTMENTS, LLC APPROVE RESOLUTION 531 APPROVING THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT BETWEEN THE CITY OF HOPKINS, THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF HOPKINS, DORAN 810, LLC AND DORAN 810 APARTMENTS, LLC Proposed Action. 1. Staff recommends that the Council approve the following motions: (A) Approve Resolution 2019-097 Approving the Mediated Settlement and the Addendum to the Mediated Settlement Agreement and Release between the City of Hopkins, the Housing and Redevelopment Authority in and for the City of Hopkins, Doran 810 LLC and Doran 810 Apartments, LLC and (B) Approve Resolution 2019-098 Approving the Amended and Restated Development Agreement between the City of Hopkins, the Housing and Redevelopment Authority in and for the City of Hopkins, Doran 810 LLC and Doran 810 Apartments, LLC. 2. Staff recommends that the HRA approve the following motions: (A) Approve Resolution 530 Approving the Mediated Settlement and the Addendum to the Mediated 2 610788v5BE295-315 Settlement Agreement and Release between the City of Hopkins, the Housing and Redevelopment Authority in and for the City of Hopkins, Doran 810 LLC and Doran 810 Apartments, LLC and (B) Approve Resolution 531 Approving the Amended and Restated Development Agreement between the City of Hopkins, the Housing and Redevelopment Authority in and for the City of Hopkins, Doran 810 LLC and Doran 810 Apartments, LLC. Overview: On March 4, 2016, Doran 810 LLC and Doran 810 Apartments, LLC (collectively “Doran”) and City of Hopkins and Hopkins HRA (collective “City”) entered into a Reimbursement and Purchase Option Agreement (“Purchase Agreement”) and a Development Agreement regarding construction of an apartment complex and parking facility commonly known as The Moline. Pursuant to the Purchase and Development Agreements, Doran agreed to construct, and the City agreed to either buy or reimburse Doran for the cost of a Grade-Level Garage (the “Garage”) which was to be utilized for parking for the Southwest LRT transit facility. Doran completed construction of the Garage on or around March 23, 2018. Notwithstanding the negotiation efforts of all of the parties regarding agreements for use and operation of the Garage, the closing on the purchase of the Garage did not occur as Doran and the Metropolitan Council were never able to come to a final agreement. On July 31, 2018, Doran served the City with a Summons and Complaint alleging, among other things, that the City breached the Purchase and Development Agreements by failing and refusing to close on Garage. The Complaint sought recovery of all costs associated with the construction of the Garage along with damages incurred by Doran as a result of the delay in the closing. On August 30, 2018, the City answered Doran’s Complaint and denied liability under the Purchase Agreement and the City also asserted Counterclaims against Doran alleging, among other things, that Doran had breached the terms of the Development Agreement thereby resulting in damage to the City. To avoid the uncertainties, risks and expenses of protracted litigation, the Parties entered into a mediated settlement agreement on August 2, 2019 (the “Mediated Settlement Agreement”). Since the time of the Mediated Settlement Agreement, the parties have continued to negotiate outstanding settlement matters and settlement agreement language. Pursuant to Paragraph 2 of the Mediated Settlement Agreement, the parties have prepared the attached Addendum to the Mediated Settlement Agreement and Release which requires approval of the City Council and the HRA Board, contains mutual releases between the parties, and provides for cancellation of the Purchase Agreement. City staff, consultants and the City Attorney will provide a presentation and additional information regarding the Mediated Settlement Agreement and the Amended and Restated Development Agreement. City staff and the City attorney recommend that the City Council and the HRA Board approve the Mediated Settlement Agreement, the Amendment to the Mediated Settlement Agreement and Release (via City Resolution 2019-097/via HRA Resolution 530) and the Amended and Restated Development Agreement (via City Resolution 2019-098/via HRA Resolution 531) and further authorizes the City Manager and the City attorney to take any and all additional steps and actions 3 610788v5BE295-315 necessary or convenient to prepare the appropriate documents and/or agreements to facilitate the approvals set forth herein. Supporting Information: City Resolution 2019-097 and City Resolution 2019-098. HRA Resolution 530 and HRA Resolution 531. ________________________________________ Scott J. Riggs Hopkins City Attorney 1 610186v2BE295-315 CITY OF HOPKINS Hennepin County, Minnesota RESOLUTION 2019-097 A RESOLUTION APPROVING THE MEDIATED SETTLEMENT AND THE ADDENDUM TO THE MEDIATED SETTLEMENT AGREEMENT AND RELEASE BETWEEN THE CITY OF HOPKINS, THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF HOPKINS, DORAN 810 LLC AND DORAN 810 APARTMENTS, LLC WHEREAS, on March 4, 2016, Doran 810 LLC and Doran 810 Apartments, LLC (collectively “Doran”) and City of Hopkins (“City”, which together with Doran may hereinafter be collectively be referred to as the “Parties”) entered into a Reimbursement and Purchase Option Agreement (“Purchase Agreement”) and a Development Agreement; and WHEREAS, pursuant to the Purchase and Development Agreements, Doran agreed to construct, and the City agreed to buy or reimburse Doran for the cost of a Grade-Level Garage (the “Garage”); and WHEREAS, Doran completed construction of the Garage on or around March 23, 2018; and WHEREAS, the closing on the purchase of the Garage did not occur; and WHEREAS, on July 31, 2018, Doran served the City with a Summons and Complaint alleging, among other things, that the City breached the Purchase and Development Agreements by failing and refusing to close on Garage; and WHEREAS, on August 30, 2018, the City answered Doran’s Complaint and denied liability under the Purchase Agreement; and WHEREAS, the City also asserted Counterclaims against Doran alleging, among other things, that Doran had breached the terms of the Development Agreement thereby resulting in damage to the City; and 2 610186v2BE295-315 WHEREAS, to avoid the uncertainties, risks and expenses of protracted litigation, the Parties entered into a mediated Settlement Agreement on August 2, 2019 (the “Mediated Agreement”); and WHEREAS, pursuant to Paragraph 2 of the Mediated Agreement, the parties have prepared the attached Addendum to the Mediated Settlement Agreement and Release which requires approval of the City Council, contains mutual releases between the parties, and provides for cancellation of the Purchase Agreement. NOW, THEREFORE, BE IT RESOLVED THAT the above-referenced recitals are incorporated herein to this Resolution. NOW, THEREFORE, BE IT FURTHER RESOLVED, that the City Council hereby approves the Mediated Settlement and the Amendment to the Mediated Settlement Agreement and Release in substantially the form as attached hereto as Exhibit A, the contents of which are incorporated herein by reference. NOW, THEREFORE, BE IT FURTHER RESOLVED THAT, the City Manager and the City Attorney are hereby authorized and directed to take any and all additional steps and actions necessary or convenient to prepare the appropriate documents and/or agreements to facilitate the directives of the City Council as provided herein in order to accomplish the intent of this Resolution. The above resolution was approved/denied by a vote of ____ to _____. Adopted by the City Council of the City of Hopkins this 17TH day of December, 2019. _______________________________ Jason Gadd, Mayor ATTEST: ______________________ Amy Domeier, City Clerk 12027006v3 610186v2BE295-315 EXHIBIT A FORM OF ADDENDUM TO MEDIATED SETTLEMENT AGREEMENT AND RELEASE ADDENDUM TO MEDIATED SETTLEMENT AGREEMENT AND RELEASE This Addendum to Mediated Settlement Agreement and Release (hereinafter this “Addendum”) is entered into to be effective as of the 2nd day of August, 2019, by and among Doran 810 LLC and Doran 810 Apartments, LLC (collectively “Doran”) and City of Hopkins (“Hopkins”, which together with Doran may hereinafter be collectively be referred to as the “Parties”). WHEREAS, on March 4, 2016, the Parties entered into a Reimbursement and Purchase Option Agreement (“Purchase Agreement”). WHEREAS, a Development Agreement was executed as of March 4, 2016, between the Housing and Redevelopment Authority in and for the City of Hopkins, the City of Hopkins, Doran 810 Apartments, LLC and Doran 810 LLC, as amended by that First Amendment to Development Agreement, dated February 2, 2017, and as amended and restated by that Amended and Restated Development Agreement, dated ____________ (the "Development Agreement"). WHEREAS, pursuant to the Purchase Agreement and the Development Agreement, Doran agreed to construct, and Hopkins agreed to buy or reimburse Doran for the cost of a Grade-Level Garage (the “Garage”). WHEREAS, Doran completed construction of the Garage on or around March 23, 2018. WHEREAS, the Parties did not close on the sale of the Garage from Doran to Hopkins. 12027006v3 4 610186v2BE295-315 WHEREAS, on July 31, 2018, Doran served Hopkins with a Summons and Complaint alleging, among other things, that Hopkins breached the Purchase Agreement by failing and refusing to close on Garage. WHEREAS, on August 30, 2018, Hopkins answered Doran’s Complaint, denied liability, and asserted Counterclaims against Doran. WHEREAS, to avoid the uncertainties, risks and expenses of protracted litigation, the Parties entered into a Mediated Settlement Agreement on August 2, 2019, a copy of which is attached hereto as Exhibit A and incorporated herein (the “Mediated Agreement”). WHEREAS, this Addendum incorporates the mutually acceptable release referenced in Paragraph 2 of the Mediated Agreement and also amends the Mediated Settlement based on subsequent negotiations between the Parties. NOW, THEREFORE, in return for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows: 1. The Mediated Agreement is amended to provide that the two currently issued TIF notes shall remain and that a new TIF note shall be issued in the principal amount of $8,000,000.00. 2. With respect to Section 6.5 of the Development Agreement, as amended and restated in that certain Amended and Restated Development Agreement dated _________, 2019, the Calculation Date and Stabilization have passed and the calculations have occurred with respect to Note A and Note B. Section 6.5 of the Development Agreement, as amended, is not operative as of, and after, August 2, 2019; and, it does not apply to Note C (as defined in the Amended and Restated Development Agreement). 3. Except for any defaults under this Addendum or the Mediated Agreement, the Parties hereby release, acquit and forever discharge each other, together with any successors and 12027006v3 5 610186v2BE295-315 assigns from any and all actions, suits, claims, contractual obligations, agreements, remedies, recourse and demands, whether known or unknown, foreseen or unforeseen, including unforeseen consequences of known or unknown conditions or injuries, liquidated or unliquidated, fixed, contingent, direct, or indirect, which the Parties ever had, now have or may have in the future against each other, which have or could have been asserted by the Parties with respect to the Garage and Purchase Agreement or any claims the Parties knew or should have known about as of the date of this Addendum. Without limiting the foregoing, the Parties hereby agree, stipulate, and acknowledge that the Purchase Agreement is hereby terminated in its entirety and is and shall be of no force or effect and neither of the Parties shall have any liabilities or rights under or with respect to the Purchase Agreement. 4. In entering into this Addendum, the Parties each represent that they have been represented by independent legal counsel, or that they have had the opportunity to be represented by independent legal counsel, that they have read and completely understand the terms of this Addendum, and that those terms are fully understood and voluntarily accepted by them. The Parties further affirmatively represent that they have voluntarily entered into this Addendum and that there are no representations made by the Parties, or their attorneys, agents or other representatives which are not expressly set forth in this Addendum. 5. It is specifically understood that, by reason of entering into this Addendum and the Mediated Agreement, no party admits liability of any sort and that such Parties have made no representations as to the extent of damages and/or injuries or the liability issues previously raised. It is further specifically understood and agreed that this Addendum shall not be construed as an admission of liability on the part of the parties, or by anyone else, liability having, at all times, been denied. 12027006v3 6 610186v2BE295-315 6. The Parties agree that they shall make no disparaging remarks about the other. 7. This Addendum may be executed in any number of counterparts, all of which shall constitute a single Addendum. 8. This Addendum shall be construed and interpreted in accordance with the laws of the State of Minnesota. 9. This Addendum and the Mediated Agreement constitute a full and complete Addendum between the parties hereto and may not be modified except by a writing signed by all of the Parties hereto. IN WITNESS WHEREOF, the parties intending to be legally bound, execute this Addendum to be effective as of the date first shown above. DORAN 810 LLC Date: ________________________ By:____________________________________ Kelly J. Doran Its: Chief Manager DORAN 810 APARTMENTS, LLC Date: ________________________ By:_____________________________________ Kelly J. Doran Its: Chief Manager CITY OF HOPKINS Date: ________________________ By _____________________________________ Jason Gadd Its: Mayor Date: ________________________ By _____________________________________ Michael J. Mornson Its: City Manager 12027006v3 7 610186v2BE295-315 12027006v3 8 610186v2BE295-315 HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF HOPKINS (AS TO PARAGRAPH 2 ONLY) Dated:__________________________ By:_________________________________ Jason Gadd Its: Chair Dated:___________________________ By:_________________________________ Michael Mornson Its: Executive Director A-A-1 610186v2BE295-315 Exhibit A A-A-2 610186v2BE295-315 A-A-3 610186v2BE295-315 1 610761v2BE295-315 CITY OF HOPKINS Hennepin County, Minnesota RESOLUTION 2019-098 A RESOLUTION APPROVING THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT BETWEEN THE CITY OF HOPKINS, THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF HOPKINS, DORAN 810, LLC AND DORAN 810 APARTMENTS, LLC WHEREAS, on March 4, 2016, Doran 810 LLC and Doran 810 Apartments, LLC (collectively “Doran”), the City of Hopkins (the “City”), and the Housing and Redevelopment Authority in and for the city of Hopkins (the “HRA”) entered into a development agreement for the development of certain property located within the City (the “Development Agreement”) along with a purchase agreement for a portion of the property that the City intended to purchase following redevelopment (the “Purchase Agreement”); and WHEREAS, on February 2, 2016, the parties to such Development Agreement executed the “First Amendment to Development Agreement” (the “First Amendment”) whereby the parties agreed to modify certain terms in the Development Agreement; and WHEREAS, the First Amendment was not recorded with Hennepin County; and WHEREAS, the parties hereby wish to approve an amended and restated Development Agreement which incorporates the changes included in the First Amendment as well as additional changes which are the product of a mediated settlement agreement between the parties (the “Amended and Restated Development Agreement”). NOW, THEREFORE, BE IT RESOLVED THAT the above-referenced recitals are incorporated herein to this Resolution. 2 610761v2BE295-315 NOW, THEREFORE, BE IT FURTHER RESOLVED, that the City Council hereby approves the Amended and Restated Development Agreement in substantially the form as attached hereto as Exhibit A, the contents of which are incorporated herein by reference. NOW, THEREFORE, BE IT FURTHER RESOLVED THAT, the City Manager and the City Attorney are hereby authorized and directed to take any and all additional steps and actions necessary or convenient to prepare the appropriate documents and/or agreements to facilitate the directives of the City Council as provided herein in order to accomplish the intent of this Resolution. The above resolution was approved/denied by a vote of ____ to _____. Adopted by the City Council of the City of Hopkins this 17th day of December, 2019. ATTEST: ______________________ _______________________ Amy Domeier, City Clerk Jason Gadd, Mayor A-1 610761v2BE295-315 EXHIBIT A FORM OF AMENDED AND RESTATED DEVELOPMENT AGREEMENT A-2 610761v2BE295-315 A-3 610761v2BE295-315 A-4 610761v2BE295-315 A-5 610761v2BE295-315 A-6 610761v2BE295-315 A-7 610761v2BE295-315 A-8 610761v2BE295-315 A-9 610761v2BE295-315 A-10 610761v2BE295-315 A-11 610761v2BE295-315 A-12 610761v2BE295-315 A-13 610761v2BE295-315 A-14 610761v2BE295-315 A-15 610761v2BE295-315 A-16 610761v2BE295-315 A-17 610761v2BE295-315 A-18 610761v2BE295-315 A-19 610761v2BE295-315 A-20 610761v2BE295-315 A-21 610761v2BE295-315 A-22 610761v2BE295-315 A-23 610761v2BE295-315 A-24 610761v2BE295-315 A-25 610761v2BE295-315 A-26 610761v2BE295-315 A-27 610761v2BE295-315 A-28 610761v2BE295-315 A-29 610761v2BE295-315 A-30 610761v2BE295-315 A-31 610761v2BE295-315 A-32 610761v2BE295-315 A-33 610761v2BE295-315 A-34 610761v2BE295-315 A-35 610761v2BE295-315 A-36 610761v2BE295-315 A-37 610761v2BE295-315 A-38 610761v2BE295-315 A-39 610761v2BE295-315 A-40 610761v2BE295-315 A-41 610761v2BE295-315 A-42 610761v2BE295-315 A-43 610761v2BE295-315 A-44 610761v2BE295-315 A-45 610761v2BE295-315 A-46 610761v2BE295-315 A-47 610761v2BE295-315 A-48 610761v2BE295-315 A-49 610761v2BE295-315 A-50 610761v2BE295-315 A-51 610761v2BE295-315 A-52 610761v2BE295-315 A-53 610761v2BE295-315