Item Description:
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Neg Assignment, Assumption and Amd 2 to Agmt A14354, approving transfer of ownership of property to Bickham Court Limited Partnership, ext term to 12/31/80, incr NTE to $710,000; terminate Agmts A18627 and A15921
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Resolution:
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BE IT RESOLVED, that the County Administrator be authorized to negotiate the Assignment and Assumption of Agreement A14354, and related documents, allowing transfer of ownership of 2753 Louisiana Court in St. Louis Park, from Trellis Louisiana Court Acquisition LLC to Bickham Court Limited Partnership, or an affiliated entity; that following review and approval by the County Attorney's Office, the Chair be authorized to sign the Assignment and Assumption Agreement and other related documents on behalf of the county; and
BE IT FURTHER RESOLVED, that the County Administrator be authorized to negotiate Amendment 2 to Agreement A14354 with Bickham Court Limited Partnership, or affiliated entity, for supportive housing at 2753 Louisiana Court in St. Louis Park (Resolution 94-8-625), to add adjacent properties including 2759, 2760, 2765, and 2768 Louisiana Court in St. Louis Park, under one consolidated agreement, extending the contract period end date from December 31, 2027 to December 31, 2080, increasing the not to exceed amount from $275, 000 to $710,000 (consistent with the sum of consolidated agreements); extending, amending, and restating documents as necessary; that following review and approval by the County Attorney's Office, the Chair be authorized to sign the amendment and related documents on behalf of the county; and that the controller by authorized to disburse funds as directed; and
BE IT FURTHER RESOLVED, that the County Administrator be authorized to terminate Agreements A18627 and A15921 with Trellis Co., or affiliated entity, and related documents, after the requirements and properties subject to Agreements A18627 and A15921 are added to Agreement A14354 as authorized above.
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