HRA RES 1992-04 - 00013887�
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RESOLUTION NO. HRA 4- 1992
A RESOLUTION AUTHORIZING EXECUTION AND
DELIVERY OF A CONTRACT FOR PRIVATE
REDEVELOPMENT BY AND BETWEEN THE HOUSING AND
REDEVELOPMENT AUTH6RITY IN AND FOR TAE CITY OF
FRIDLEX AND MSCJ� INC.
BE IT RESOLVED that the Board of Commissioners (the
"COmmissioners") of the Housing and Redevelopment Authority in and
for the City of Fridley, Minnesota (the "Authority"), as follows:
Section 1. Recitals.
1.01. It has been proposed that the Authority enter into a
Contract for Private Redevelopment (the "Contract") with MSCJ, Inc.
(the "Redeveloper").
Section 2. Findinas.
2.01. The Authority hereby finds that it has approved and adopted
a development program known as the Modified Redevelopment Plan for
its Redevelopment Project No. 1(the "Redevelopment Program")
pursuant to Minnesota Statutes, Section 469.001 et sea.
2.02. The Authority hereby finds that the Contract promotes the
objectives as outlined in its Redevelopment Program.
Section 3. Authorization for Execution and Deliverv.
3.�1. The Chairperson and Executive Director of the Authority are
hereby authorized to execute and deliver the Contract when the
following condition is met:
Substantial conformance of a Contract to the Contract
presented to the Authority as of this date.
PASSED AND ADOPTED BY THE BOARD OF CQMMISSIONERS OF THE AUTHORITY
THIS 10TH DAY OF SEPTEMBER, 1992. �� � �
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LAWRENCE . COMMERS, CHAIRPERSON
ATTEST:
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WILLIAM W. BURNS, EXECUTIVE DIRECTOR