2005-07-11 Assignment of Development Agreeement
WOODSIDE COMMUNITIES ~
OF MINNESOTA INC
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July 11, 2005
City of Albertville
Attn: Larry Kruse
5967 Main Ave NE
PO Box 9
Albertville, MN 55301
Re: Assignment of Development Agreement
Dear Mr. Kruse:
Woodside Karston Cove, LLC formally requests the City Council to consent to the
assignment of the Development Agreement dated September 30, 2004 to Albertville
Limited Partners, LLC.
Assignment of the Development Agreement requires only written consent of the City
Council. Assignment is restricted only when the Assignor is in default under the
Development Agreement. We are not aware of any condition and no other condition
exists to prevent assignment.
From previous discussions with city staff, it has come to our attention that the City
intends to add conditions to the Development Agreement. Of major concern is any
restriction that the City would attempt to place on the ability of the Assignee to sell
townhouses. Such restrictions are considered an illegal taking of property and could not
be included as part of the assignment. If the city staff has a different opinion we request
to receive a formal copy of the legal interpretation of the proposed restrictions.
Time is of the essence in this assignment and we would appreciate a prompt response to
our request.
~ncerelh-J);. '..J--. ~.
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Woodside Karston Cove, LLC
5301 East River Road, Suite 110 . Mpls, MN 55421
tel: 763.757.4052 fax: 763.757.4094
www.woodsideminnesota.com
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P'a.t., #: (763) 757-4094
_~Iicne #: (763 ~ -I !:fa )
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WOODSIDE COMMUNITIES ~4\..
OF MINNESOTA INC
August 2. 2005
c~
City of AlbertvilJe
Attn: Larry .Kruse
5967 Main Avenue NE
PO Box 9
Albertville, MN 55301
Re,: Assignment ()( Development Agreement
Dear Mr Kruse:
.Based on our conversations yesterday, I am writing to confirm that OUr assignment of the
Karston Cove Development Agreement will be on lhe August 15th City Council Agenda..
Please acknowledge that we will be on t,tIe August 15th agenda.
If the city has any concerns or questions regal'ding the assignment, please contact me as
Soon a.~ possible.
Sincerely, _0 ~
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Woodside Karston Cove, lLC
763-772-1017
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5101 ~3St Riv~r Road, Sull~ 110 . 141)1:;. MN 55421
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WOODSIDE COMMUNITIES ~
OF MINNESOTA INC
~~
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August 2, 2005
City of Albertville
Attn: Larry Kruse
5967 Main Avenue NE
PO Box 9
Albertville, MN 55301
Re: Assignment of Development Agreement
Dear Mr. Kruse:
Based on our conversations yesterday, I am writing to confirm that our assignment of the
Karston Cove Development Agreement will be on the August 15th City Council Agenda.
Please acknowledge that we will be on the August 15th agenda.
If the city has any concerns or questions regarding the assignment, please contact
soon as possible.
Tee;;, Q._~
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Woodside Karston Cove, LLC
763-772-1017
5301 East River Road, Suite 110 . Mpls, MN 55421
tel: 763.757.4052 fax: 763.757.4094
www.woodsideminnesota.com
WOODSIDE COMMUNITIES ~
OF MINNESOTA INC
"0
./~ ~~
I .. .)0...\
<~ 'Q
('(JPS
July 11, 2005
City of Albertville
Attn: Larry Kruse
5967 Main Ave NE
PO Box 9
Albertville, MN 55301
Re: Assignment of Development Agreement
Dear Mr. Kruse:
Woodside Karston Cove, LLC formally requests the City Council to consent to the
assignment of the Development Agreement dated September 30, 2004 to Albertville
Limited Partners, LLC.
Assignment of the Development Agreement requires only written consent of the City
Council. Assignment is restricted only when the Assignor is in default under the
Development Agreement. We are not aware of any condition and no other condition
exists to prevent assignment.
From previous discussions with city staff, it has come to our attention that the City
intends to add conditions to the Development Agreement. Of major concern is .any
restriction that the City would attempt to place on the ability of the Assignee to. sell
townhouses. Such restrictions are considered an illegal taking of property and.cQuld not
be included as part of the assignment. If the.citystaff has a different opinion we. request
to receive a formal copy of the legal interpretation of the proposed restrictions.
Time is of the essence in this assignmelltand we wot.1idappreciate a
our request.
~in.c erel..~);.. . .... 11.. .J..~. "
" 'V;lt(1If; .
~.~~th' .'
Woodside Karston Cove,LLC
5301 East River Road, Suite 110 . Mpls, MN 55421
tel: 763,757.4052 fax: 763,757.4094
www.woodsideminnesota.com
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