HomeMy WebLinkAboutRes. 19-051Resolution 19-051
Resolution Authorizing the City of Brookings to Amend the BrooMngs
Marketplace Development Agreement
Whereas, the City of Brookings approved a Development Agreement between the City
of Brookings and Brookings Marketplace, LLC on December 13, 2016; and
Whereas, the parties now desire to again modify Sections 4 and 7 of said Development
Agreement to extend the time of retail recruitment and performance of due diligence
activities by the Developer until July 1, 2021.
Now, Therefore, Be It Resolved:
1. That Amendment to the Development Agreement by and between the
City of Brookings and Brookings Marketplace, LLC as described herein is
hereby approved, and
2. That the Mayor, City Manager and Acting City Clerk are hereby
authorized to execute on behalf of the City the documents required to
complete the Amendment described herein, consistent with the terms of
this Resolution.
Dated this 25th day of June, 2019.
CITY OF BROOKINGS, SD
Keith W. Corbett, Mayor
m• C} " INCy�"«fi��� 1
'-e °$.'ter, Acting City Clerk
a
'
:, •— .
}
l4i