HRA RES 1996-06 - 00001073HRA RESOLUTION N0. 6- 1996
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A
CONTRACT FOR PRIVATE REDEVELOPMENT BY AND BETWEEN THE
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF FRIDLEY AND THE ROTTLUND COMPANY, INC.
BE IT RESOLVED by 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 l. RPritals_
1.01. It has been proposed that the Authority enter into a Contract for
Private Redevelopment (the "Contract") with The Rottlund Company, Inc.
(the "Redeveloper").
Section 2. Findings_
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
MinnPSOta StatutPS, Section 469.001 �t_s_eC�.
Section 3. Authori�ation for FxPrution and �PlivPr�_
3.01. The Chairman and the 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 HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF FRIDLEY THIS 8TH DAY OF FEBRUARY, 1996.
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
WILLIAM W. BURNS - EXECUTIVE DIRECTOR