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2004-09-15 Ltr Re; Notice of Default, . ~ . ""Also licensed in California COURI, MACARTHUR & RUPPE, P.L.L.P. Attorneys at Law 705 Central A venue East PO Box 369 St. Michael, MN 55376-0369 (763) 497-1930 (763) 497-2599 (FAX) couriandmacarthur@pobox.com Michael C. Couri. Andrew J. MacArthur Robert T. Ruppe.. David R. Wendoif "Also licensed in fllinois June 15, 2004 VIA CERTIFIED MAIL, RETURN RECEIPT REQUESTED Edina Land Corporation 700 Industry Avenue Anoka, MN 55303 Attention: Rick Lewondowski Edina Development 700 Bunker Lake Blvd. Anoka, MN 55303 Attention: Mike Thomas Re: City of Albertville; Notice of Default of Developers Agreements: Albert Villas dated August 11, 2000 Albert Villas Second Addition dated October 9, 2000 Albert Villas Third Addition dated April 6, 2001 Albert Villas Fourth Addition dated April 1, 2002 Albert Villas Sixth Addition dated May 30, 2003 Dear Mr. Lewondowski and Mr. Thomas: It has recently come to the attention of the City of Albertville that Edina Development is not in compliance with Paragraph 8 of the Developer's Agreements for the projects listed above in that Edina Development has failed to pay $378,935.77 to the City for the reasonable administrative, legal, planning, engineering and other professional costs incurred by the City as a result of the various Albert Villas projects. Paragraph 8 of each of the Developer's Agreements provides that the developer, Edina Development, is to pay all of the City's costs and expenses related to the subject projects. The relevant paragraph states as follows: Developer to Pay City's Costs and Expenses. It is understood and agreed that the Developer will reimburse the City for all reasonable administrative, legal, planning, Edina Development June 15, 2004 Page 2 engineering and other professional costs incurred in the creation, administration, enforcement or execution of this Agreement and the approval of Said Plat, as well as all reasonable engineering expenses incurred by the City in designing, approving, installing, and inspecting said Improvements described above. Developer agrees to pay all such costs within 30 days of billing by the City. If Developer fails to pay said amounts, then the City may specially assess such costs against the lots within Said Plat. Developer knowingly and voluntarily waives all rights to appeal said special assessments under Minnesota Statutes Paragraph 429.081. Developer has the right to request time sheets or work records to verify said billing prior to payment. The City has previously requested that you pay $378,935.77 in expenses incurred by the City and which are reimbursable under the Developers' Agreements. The City has previously provided Edina Development with a worksheet and detailed invoices outlining the $378,935.77 in total City costs for the various Albert Villas projects, which remain due and payable to the City. Pursuant to Paragraph 24 of the various Developers' Agreements, this letter shall serve as formal notice to you that the City considers you in default under the above- described Developer's Agreements and now requests that Edina Development pay the amount requested within the 30 days allowed to cure a default pursuant to the various Developer's Agreements. Please be advised that pursuant to Paragraph 14 of the subject Developer's Agreements, a breach of any of the terms of the Developer's Agreement by the Developer may be grounds for denial of building permits and/or revocation of the Conditional Use Permits. If you do not pay the amount owed to the City within 30 days, the City will enforce the subject Developer's Agreements, most likely drawing on any available letter of credit and through any necessary court action. Please be advised that under the terms of the subject Developer's Agreements, your company will be responsible for any expenses the City incurs in enforcing the provisions of the various Developer's Agreements. As you are aware, these costs may include attorney's fees and court costs, if necessary. Please notify this office when you have paid the $378,935.77 to the City. Your cooperation in this matter is greatly appreciated. If you have any questions, please do not hesitate to contact this office. t Edina Development June 15, 2004 Page 3 ~C~ Michael C. Couri Couri, MacArthur & Ruppe, P.L.L.P. Cc: Lany Kruse \\Bobnzppc\bob'J t\Bob\A1batviIlc\AJbat vm.\DcflUlt R City ExpcnIa.doc