Title
Authorizing execution and recording of a Memorandum of Phase 2 Plaza License, Operations and Maintenance Agreement between the City and Ecolab USA Inc.
Body
WHEREAS, Ecolab USA Inc. ("Ecolab") is fee owner of certain real property located at 1 Ecolab Place, Saint Paul, Minnesota, as legally described in Exhibit A attached hereto (“Ecolab Global Headquarters”); and
WHEREAS, the City of Saint Paul ("City") is fee owner of certain real property located at 390 Washington Street, Saint Paul, Minnesota, and is holder of right-of-way easement rights within several streets surrounding said fee-owned property, as described in Exhibit B attached hereto ("Plaza Property"); and
WHEREAS, Ecolab and the City have executed a Phase 2 Plaza License, Operations and Maintenance Agreement (“License Agreement”) for the benefit of the Ecolab Global Headquarters and the Plaza Property, and pursuant to the License Agreement, Ecolab and the City have defined rights and obligations of both parties related to landscape improvements to said properties and to the surrounding street right-of-way, as more particularly set forth in the License Agreement; and
WHEREAS, Ecolab and the City now desire to enter into a Memorandum of Phase 2 Plaza License, Operations and Maintenance Agreement ("Memorandum") for additional improvements southerly and easterly of the existing Ecolab Place driveway, attached hereto as Exhibit C, and to record the Memorandum in the real property records of Ramsey County, Minnesota in order to provide notice to third parties of the License Agreement; now, therefore, be it
RESOLVED, that the Mayor and City Council hereby authorize the proper city officials to execute the Memorandum and file it with the Ramsey County Office of the Recorder and/or Registrar of Titles.