HomeMy WebLinkAboutResolution 18-099RESOLUTION NO. 18-099
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 modify Sections 4 and 7 of said
Development Agreement to extend the time of performance by the Developer to allow
the City and Developer to hold further discussions concerning the Brookings Marketplace
project;
NOW THEREFORE, BE IT RESOLVED AS FOLLOWS :
1. That an Amendment to the Development Agreement by and between
the City of Brookings and Brookings Marketplace, LLC is hereby
approved, and
2 . The Mayor, City Manager and 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 /( day of December, 2018.
CITY OF BROOKINGS, SOUTH DAKOTA
Keith Corbett, Mayor