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  • Kewadin Marketplace Partners Letter

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    The City of Lansing acknowledges Marketplace Partners' request to delay the commencement of construction of mixed-use buildings per their development agreement in order to accommodate a new downtown casino project. The City extends the deadline for Marketplace Partners to begin construction to no later than June 1, 2014. However, if the casino project fails or is terminated, Marketplace Partners must begin construction within 365 days of notification. The City also approves transferring a portion of Marketplace Partners' property to facilitate relocating Museum Drive for the casino project, provided the companies agree on terms. If no agreement is reached, Marketplace Partners must begin construction by January 1, 2013.

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    The City of Lansing acknowledges Marketplace Partners' request to delay the commencement of construction of mixed-use buildings per their development agreement in order to accommodate a new downtown casino project. The City extends the deadline for Marketplace Partners to begin construction to no later than June 1, 2014. However, if the casino project fails or is terminated, Marketplace Partners must begin construction within 365 days of notification. The City also approves transferring a portion of Marketplace Partners' property to facilitate relocating Museum Drive for the casino project, provided the companies agree on terms. If no agreement is reached, Marketplace Partners must begin construction by January 1, 2013.

    Copyright:

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    4K views2 pages

    Kewadin Marketplace Partners Letter

    Uploaded by

    SaultTribeFacts
    The City of Lansing acknowledges Marketplace Partners' request to delay the commencement of construction of mixed-use buildings per their development agreement in order to accommodate a new downtown casino project. The City extends the deadline for Marketplace Partners to begin construction to no later than June 1, 2014. However, if the casino project fails or is terminated, Marketplace Partners must begin construction within 365 days of notification. The City also approves transferring a portion of Marketplace Partners' property to facilitate relocating Museum Drive for the casino project, provided the companies agree on terms. If no agreement is reached, Marketplace Partners must begin construction by January 1, 2013.

    Copyright:

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    City of Lansing

    OFFICE OF THE CITY ATTORNEY

    Brig Smith, City Attorney

    January 26, 2012

    Patrick K. Gillespie Marketplace Partners, LLC 2501 Coolidge Road Suite 501 East Lansing, MI 48823 Re: Marketplace - Consent to Sale of Property Dear Mr. Gillespie: As you are aware, Marketplace Partners, LLC is a key component to the success of the recently announced casino project in downtown Lansing. The City acknowledges your written request to forebear from the "commencement of construction" of the mixed-use buildings pursuant to the Marketplace Development Agreement (the "Agreement") in an effort to accommodate the development of the casino project. As such, it is the City's position at this time that the deadline is extended for Marketplace Partners, LLC to begin "commencement of construction," as defined and contemplated in the Agreement, for a period not to exceed June 1, 2014. However, if the casino project fails or the development agreement relative to the casino project is terminated, for any reason, Marketplace Partners, LLC shall begin "commencement of construction," as defined and required by the Agreement, within three hundred sixty-five (365) days from date the City provides written notification of such termination or project failure. In addition, and pursuant to Section 602 of the Agreement, this letter shall serve as the City's approval to transfer a portion of property owned by Marketplace Partners, LLC to Lansing Future, LLC that is necessary to facilitate the relocation of Museum Drive, as more si?;ecifr ally described in the casino project development agreement, which you have reviewed, on =h. terms as Marketplace Partners, LLC and Lansing Future, LLC may agree. If MarketplacOar6rers, LLC and Lansing Future, LLC are unable to reach an agreement relative to the transfer ohe property within the deadlines prescribed by the casino project development a eencent, Marketplace Partners, LLC shall begin "commencement of construction," as deft ed -and j required by the Agreement, on or before January 1, 2013. c-.)

    Fifth Floor, City Hall Lansing, Michigan 48933 (517) 483-4320 Fax (517) 483-4081 cityatty@lansingmi.gov

    If you have any questions please do not hesitate to contact me. Sincerely,

    BCS/mjp

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