City Council Resolution 2022-129CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO.2022-129
A RESOLUTION APPROVING THE ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT
CONTRACT AND PLANNED UNIT DEVELOPMENT AGREEMENT FOR COUNTRY CLUB MANOR
SECOND ADDITION
WHEREAS, the City of Monticello, Minnesota (the "City") and Headwaters Development
LLC, a Minnesota limited liability company (the "Developer"), have previously entered into a
Development Contract and Planned Unit Development Agreement ("the Contract and
Agreement") for Country Club Manor Second Addition dated September 26, 2022; and
WHEREAS, (Developer) has requested City consent to an Assignment and Assumption of
Contract and Agreement (the "Assignment and Assumption") to CHC Monticello Townhomes
LLC, a Minnesota limited liability company (the "Successor Developer").
NOW, THEREFORE, BE /T RESOLVED, the City Council of the City of Monticello, Minnesota
hereby approves the requested Assignment and Assumption, and authorizes the Mayor and
Clerk to execute documents necessary to effectuate the Assignment and Assumption upon
submission by the Successor Developer of all escrows and financial securities required under
the Contract and Agreement.
ADOPTED this 14th day of November 2022, by the City Council of the City of Monticello,
Minnesota.
MONTICELLO CITY COUNCIL
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By:
Lloyd rt, Mayor
Jennifer SchfelibeKCAC Clerk