HRA RES 1986-01 - 000137671
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RESOI.UTION NO. HRA 1- 1986
RESOI.UTION AU'IIiORIZ ING THE QiAIRM1IN OF THE HOUSING AND
REDEUELOH�FP AU`IIiORITY AND THE DIRECPOR OF HOUSING AND
RIDEVELOPMENT AUTHORITY TO EXECUTE A OONTRAGT FOR THE
PRIVATE DEVELOPMENT BE7.WEIN THE FRIDLEY HOUSING AND
REDEUE[,OR�FP AU'IIIORITY AND VANTFGE PROPERTIES, INC.
WHFREAS, the City of Fridley Housing and Redev�lopnent Authority and Vantage
Properties, Inc. have agreed in principal to a Contract for Private
I�velopnent draft of March 10, 1986; and
WHEREAS, said Contract references "Developnent Plans" and "Develorment Quality
Plans" which are intenaed to insure the type, amount and quality of
developnent expected; and
WEIERFI4S, these F,lans are in the process of refinenent and not yet ap�roved by
City staff; and
WHEREAS, the Developnent Contract approval is contingent upon and in
oonjtmction with an Agreanent for rezoning between Varitage Properties, Inc.
and the City of Fridley; ana
WHEREAS, the seoond reacling of said rezoning ordinancz is �ending or awaiting
apprwal of "Develognent Plans" and "Developnent Quality Plans" by City and
Authority staff-.
NObV, THEREFORE, BE IT RESOLVED that the City of Fridley Housiny and
Redevelognent Authority does hereby authorize it's Chainnan and it's Director
to execute the Contract for Private Development at such time when the
"Developnent Plans" and the "DeveloFanent Quality Plans" are completed and
apprwed Yly City and Authority staif. And at such time the second readiny of
the rezoning ordinance is comp].eted by the City of Pridl�y.
PASSED AND AD�PPED BY THE HOUSIIQG AND RE�7ELOPI��NT PiJ7I30RITY OF TAE CITY OF
FRII%.EY THIS 132F3 IYiY OF MARQ3, 1986
AmrFRT:
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NASIM QURFSHI - DIRECTOR
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LPbdREY�]CE O�MN3ERS - �IAIRI�'P�,IQ