2012-085 Agreement to Facilitate Land Acquistion for Knollwood CrossingCITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2012-085
RESOLUTION APPROVING AGREEMENT TO FACILITATE
ACQUISITION OF LAND BY HOPKINS BLAKE RETAIL, LLC FROM THE MINNESOTA
DEPARTMENT OF TRANSPORTATION
FOR THE KNOLLWOOD CROSSINGS DEVELOPMENT
WHEREAS, the City Council of the City of Hopkins has approved the combination and
redevelopment of several parcels of real property located in the southeast corner of the intersection of
State Highway 7 and Blake Road for the construction of two 6,000 square foot retail buildings and
related improvements thereon by Hopkins Blake Retail, LLC, (the "Developer"), such retail
development project to be known as Knollwood Crossings (the "Project").
WHEREAS, one of the parcels of real property to be acquired by the Developer for the
Project (the "MnDOT Parcel") is owned by the State of Minnesota and administered through the
Minnesota Department of Transportation ("MnDOT"). The MnDOT Parcel was acquired by the State
of Minnesota for state trunk highway purposes, but is no longer needed for such purposes.
WHEREAS, the Developer has negotiated with MnDOT to acquire the MnDOT Parcel for the
development of the Project and MnDOT has agreed to transfer the MnDOT parcel to Developer for
that purpose.
WHEREAS, pursuant to Minnesota Statutes 161.44, MnDOT must first transfer title to the
MnDOT Parcel to the City and may not transfer the MnDOT Parcel directly to Developer. The City
has agreed to facilitate the transfer of the MnDOT Parcel to Developer by accepting the transfer of title
to the MnDOT Parcel from the State of Minnesota followed by its immediate conveyance to
Developer.
WHEREAS, the City of Hopkins and the Developer have negotiated a proposed Agreement To
Facilitate Acquisition Of Land which provides that the City will facilitate the transfer of the MnDOT
Parcel to Developer by accepting the conveyance of the MnDOT Parcel and immediately conveying
the MnDOT Parcel to Developer.
WHEREAS, the Hopkins City Council finds that facilitating the transfer of the MnDOT Parcel
to the Developer on the terms and conditions stated in the Agreement To Facilitate Acquisition Of
Land is necessary to effect the transfer of the MnDOT Parcel from the State of Minnesota to Developer
and will facilitate the redevelopment and construction of the Project.
THEREFORE, BE IT RESOLVED, that the City Council of the City of Hopkins hereby
approves the Agreement To Facilitate Acquisition Of Land between the City of Hopkins and Hopkins
Blake Retail, LLC, and authorizes the Mayor and City Manager to execute such Agreement on behalf
of the City and to execute and deliver all documents necessary to facilitate the transfer of the MnDOT
Parcel to the Developer in accordance with the terms thereof.
Adopted by the City Council of the City of Hopkins this 7`"ay of November, 2012
By:
Eugene J. k4xwell, Mayor
Attest:
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Kristine A. Luedke, City Clerk