File #: 20-0784    Version: 1 Name:
Type: Report Action Item Status: Passed
File created: 6/18/2020 In control: Community Development Committee
On agenda: 7/22/2020 Final action: 8/5/2020
Title: Request to waive the City's repurchase rights for Tax Id #31-1-6510-51, Lot 1 of CSM 7369, in the Northeast Business Park, allowing the transfer from Fox Valley Investment Properties, LLC to Luther Group, LLC and/or assigns; this waiver is not transferable, survivable, or assignable and the City's repurchase rights remain on the property. An additional variance request to the Declaration of Covenants and Restrictions be granted allowing access to Evergreen Drive as described in section 12 of the attached site plan review letter dated July 15, 2020.
Attachments: 1. NEBP Lot 1 of CSM 7369 Waiver Memo_7-22-20.pdf, 2. Variance Request Letter_Luther Group_07152020.pdf, 3. Purchase and Sale Agreement_SE Evergreen & Lightning Parcel.pdf, 4. Site Plan #16-20_1st Review Letter_7-15-20.pdf, 5. CSM7369.pdf, 6. NEBP #2 Covenants.pdf, 7. FV MOB Exterior Rendering_2020_0630.pdf, 8. FV MOB Site Plan_2020_0630.pdf

Title

Request to waive the City's repurchase rights for Tax Id #31-1-6510-51, Lot 1 of CSM 7369, in the Northeast Business Park, allowing the transfer from Fox Valley Investment Properties, LLC to Luther Group, LLC and/or assigns; this waiver is not transferable, survivable, or assignable and the City's repurchase rights remain on the property.  An additional variance request to the Declaration of Covenants and Restrictions be granted allowing access to Evergreen Drive as described in section 12 of the attached site plan review letter dated July 15, 2020.