HRA RES 1992-05 - 00013888�
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RESOLUTION NO. HRA 5- 1992
A RESOLUTION AUTHORIZING EXECUTION AND
DELIVERY OF A CONTRACT FOR PRIVATE
REDEVELOPMENT $Y AND HETWEEN THE HOUSING AND
REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF
FRIDLEY AND EAST RANCH ESTATES.
BE IT RESOLVED by the Board of Commissioners (the "Commissioners")
o£ the Housing and Redevelopment Authority in and for the City of
Fridley, Minnesota (the "Authority"), as follows:
Section l. Recitals.
1.01. It has been proposed that the Authority enter into a
Contiract for Private Redevelopment (the "COntract") with East Ranch
Estates (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 s�.
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.
3.01. The Chairperson and Executive Director of the Authority are
hereby authori2ed 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 COMMISSIONERS OF THE AUTHORITY
THIS lOTH DAY OF SEPTEMBER, 1992. j �
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LAWRENCE R. COMMERS, CHAIRPERSON
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WILLIAM W. BURNS, EXECUTIVE DIRECTOR