HomeMy WebLinkAboutRes. 19-033Resolution 19-033
Resolution Authorizing the City of Brookings to Amend the Brookings
Marketplace Development Agreement
Be It Resolved by the City Council of the City of Brookings, South Dakota (the "City"), as
follows:
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 performance of due diligence activities by the
Developer until July 1, 2019.
Now, Therefore, Be It Resolved as follows:
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. 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 26th day of March, 2019.
Keith W. Corbett, Mayor
ATTEST:
, littl
nme er, Acting City Clerk