HRA RES 1986-09 - 00013777'
RFSQLUTION NO. HRA 9- 1986
RFSCg,UTION OF THE HOUSII� AND RED�'f7E[,OPMENT AUTHORITY OF
THE CITY OF FRII�EY DIRECTING WNDEMNATTON AND DETERMINING
THE NECESSITY FOR AND AUTHORIZING THE ACQUISITION OF
CIItTA.Qd PROPERTY BY PRO(EEDINGS IN FSSINENT DOMAIN ON LOT
1� BLOQ� 1� SYI,VAN HILI,S� PLAT 7� 248 MISSISSIPPI STREET
NE, FRII�EY, MINP7FSOTA
IT IS HLRFBY RESOLVED by the Board of Comniissic�ners (the "Boara") of the
Housing anca Redevelo�.ment Authority in and Lor tt�e Citp of Fri�ley, PYinnesota
(tYie "Authority"), as follaas:
1. The F�uthority, on June 12, 1986, enterec� into a Contract ior Prloate
I:�veloFnent (the "Develognent Agreaaent") with Uae Fridley Plazz Fssociates
Linited Partnership concerninc3 �evelopment of certain property iaithan anc
arounG the Authority's Tax Increaent Financing District P�io, 1.
2. Pursuarat to the terms oi the Develo�me5at t�greer�ent, the Authority
unaertakes to aocjuire certain �roperty thereir� spxcifieG as the Develo�;ment
Praperty, ii r�ecessdrp via the exercise of tne Autl-iarity's �ower of ei«iiient
c'omain. The Bceiru hereby fincls that the acqui�ition oi such pro��rty 1�1 the
Authority pursuar�t. to t7iE �evelo�ment Agreer�ent, o:l�ether by re Joti�,tian or
�ursuant to the exercise of the Authority's l.ower oi eninent domain, is ana
' would be in tkie public interest pursuant to zhe �urposes oi tl�e L'eveloi�rt�ent
Agreernent anG the goals of the Autharity's Nloc;iried Peaevelc�ai�ent Pl�u1 iox its
Redevelo�rnettt Prc�ect P3o. 1.
3. The Eoard hereby authorizes tkie offioers anc ac�ei�ts of the F,ut1?ority■ at
tYie direction �f tkie Executive Director, to convEleracc such efforts as rnay be
necessary, incluctiny private neyotiation aru the irLStitution cf g�unent cbnlair_
�raceecungs, to acquire said �roperty as ciescxii�ed l�eiova, su��ecL LG tY!e
Develo�;er having completecl to the satisf�ctior, oz tl�e Director of the
Authority tl�,e conaitions contained in Section 3.1 (b), Subd. i-iii oi ihe
Levelopnent Agreaaent.
Lot 1, Block 1, S�lvan IIills, P1«t 7. Friciley, Ninnesota
EURTHIIt BE Pi' R�SOI,VED that tYie Aousing anci ReGevelo�ment FSuthoriLy's attQrney
be specifically authorized to take possessioi� pursuant to NfSFS 117.0�2 aric; to
take any anc] all other action necessary anG aesira,ble to carry out the pur�ose
ef this resolution.
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tage 2- P,esolution P7o. HRA 9- 1986
PASSED AY� ADOFI'ED BY THE HOIISING ANP+ REL)EVII�OPP�t7T �U'�IQRIZ°Y OF TIiE CI1Y QF
' FRIULEY THLS 10753 I1�,Y OF JULY� 1986
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ATPEST:
�/jJ c-un � ��,��"�� •
NASIM N1. QURESHI, DIkECPOR
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I1�ItY Q�Nd�`7ER5� Q3A7RMF�IQ