HRA RES 1986-22 - 00013806'
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IT IS HEREBY RESOLVED by the Board o
Housing and RedeveloFxnent Authority in
(the "AUthority"}, as follaas:
' Commissioners (the "BOard") of the
and for the City of Fndley, Minnesota
1. On August 14, 1986 the Authority approved a proFosed Contract for Private
L�velopnent (the "Develognent Agreement") by and between the Authority and
Winfield Developnent, Inc. concezning the construction of an approximately
55,000 square foot commercial/industrial oomp].ex to be located generally on
Lots 4, 5, and 6, Block 1, Paoo Industrial Park in Fridley, Minnesota.
2. Since such approval, the proposed develoFers
partnership for the purposes of constructing the
there has been prepared and
revision of the above-mentioned
Accordingly,
aorresponding
Agreement").
have entered into a limrted
proposed develognent pro�ect.
presented to the Board a
agreement (the "Development
3. The Board hereby approves the Developnent Agreement, as so anended, and
' authorizes the Executive Director and Chainnvi of the Authority to execute the
Develognent Agreanent substantially in its present form, but with such minor
amenc�nents, deletions, or insertions as such officers may deem necessary or
desirahle, as evidenced by their execution thereof, and the Board further
instructs such officers, upon the full execution of the Developnent P.greanent,
to take such actions as may be necessary to effectuate and implenent the terms
thereof.
PASSED ADTD ADDPPED BY THE HOUSING AND REDE�7ELOPP'I�NT AUTHORITY OF THE CITY OF
FRIDLEY THIS 11T[3 DAY OF DE(�1BER, 1986
A7TEST:
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LFWRENCE �MMERS
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