HRA RES 1986-10 - 000137791
RFSOLUTION N0. HRP. 10 - 1986
RESCd,UTION OF THE BQARD OF COMMISSIONII2S �F R�3E FRIDLEY HOIJSING
AND REDEVELOPMENT AUTHORITY APPROVING AN ADDENDUM TO THE
�NiR211CP FOR PRIVATE REDh'�7II,OH�7IIV`i° BY AND BEZSdEEN THE FRIDLEY
HOUSII� AND R�� OR9EN'i' AU�IORITY AND LAKE PDINTE INVESTMENT
00�9PANY� A LIMITED PAR`iNERSHIP
IT IS HER�Y RESOLVED by the Eoard oi Coinunlssior�ers [the "Boarcd") az the
Y:ousing aiid keaevelo�sneiit Authority in and Lor the City oi Fridley, Mirinesota
(the "Authority"), as folla�as:
1. The Board, on I'ieceriber 12, 1985, approvec� a 1ro�osec Contract for Frivate
ReGevelopt2ent (the "fiedevelo�.ment Agreanent") by �f& L�etween the Authority anci
the Lake Pointe Investnent Company, a Limiied P�rtreerahlp concernin� thc-
reaevelo�ment of certain property within anca arounc� the A�athority's Tax
Increir�ent Financing Distrlct Pdo. 6.
2. Since such a�proval, the Authority arid the pra�tosec: reaevelo��ers have
founc it necessary to create an Addenutm� to i-he Realevelo�nient F�greaiseiit wl�icl�
reflects the conciitions imposec� by the constr�ctian of certairi improvc���ents tc�
the intersection of Highway 65 arrc� V7e�t Moore Lake Drive.
3. The Boara hereby approves the AddenaYm to tt�e P.eGevelor�nent Ayreemei�t anu
' authorizes the Director anci the Chairman ef the �utharity to execute the
Adden6w��1 to the Redevelognent AGre�;ent substar?tially in its preserft form, but
with such rninor amenctleiits, c7eletions, or irsertions as such officers m�ir -c;eem
recessary ar ciesirable, as evicience� by their execution thereof, ��a tl�e Boara
hereby further instructs such officers, u1�on the fall execution oi the
Addendurn to the Redevelo�meiit Agreement, to tal;e suck� acticris as m�y be
riecessary to effectuate anci imglenent the tenns thereoi.
P�SED AND P�OFPED BY THE FRIDLEY HOUSII� ANB PEDEVELGPP�DIT AU'IItU1:iTY TYIS
lOTH L1a.Y OF JULY, 1986
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L�AW�CC R. (bNll�7ER5 - CT3F,SRNIADI
ATTEST:
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NASI[�T t�T. QURESIiI - DIRECdt�R
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