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File #: 25-7365    Name: APPROVAL OF AMENDMENT NO. 2 TO SETTLEMENT AGREEMENT BETWEEN BREFRANK, INC. AND VILLAGE OF WELLINGTON
Type: Discussion Item
Body: Village Council
Agenda Date: 10/14/2025 Final action:
Title: ITEM: APPROVAL OF AMENDMENT NO. 2 TO SETTLEMENT AGREEMENT BETWEEN BREFRANK, INC. AND VILLAGE OF WELLINGTON REQUEST: Authorization to Approve Amendment No. 2 To Settlement Agreement Between Brefrank, Inc. and Village of Wellington to extend the Closing Date to allow for an action to Quiet Title and/or for Declaratory Judgment concerning the Park Parcel dedicated and conveyed on the Wellington Green MUPD/PUD Plat.
Attachments: 1. 1. Amendment No. 2 to Settlement Agreement and PSA - 2175 Welllington Green Drive
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ITEM:   APPROVAL OF AMENDMENT NO. 2 TO SETTLEMENT AGREEMENT BETWEEN BREFRANK, INC. AND VILLAGE OF WELLINGTON 

 

REQUEST:   Authorization to Approve Amendment No. 2 To Settlement Agreement Between Brefrank, Inc. and Village of Wellington to extend the Closing Date to allow for an action to Quiet Title and/or for Declaratory Judgment concerning the Park Parcel dedicated and conveyed on the Wellington Green MUPD/PUD Plat. 

 

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EXPLANATION: As a result of the title examination on the subject parcel, we are required to amend the terms of the settlement agreement to incorporate an action for declaratory judgment or to quiet title, which will extend the closing date. 

 

BUDGET AMENDMENT REQUIRED:                     NO 

 

PUBLIC HEARING:                     NO                       QUASI-JUDICIAL:  NO 

 

FIRST READING:                     N/A                       SECOND READING:  N/A 

 

LEGAL SUFFICIENCY:                     YES 

 

FISCAL IMPACT:  Sufficient funds exist in the Legal Department’s budget to cover the expenses of litigation.  Brefrank has agreed to share the cost of the action. 

 

WELLINGTON FUNDAMENTAL:                     Protecting Our Investment 

 

RECOMMENDATION:  Authorization to Approve Amendment No. 2 To Settlement Agreement Between Brefrank, Inc. and Village of Wellington to extend the Closing Date to allow for an action to Quiet Title and/or for Declaratory Judgment concerning the Park Parcel dedicated and conveyed on the Wellington Green MUPD/PUD Plat.