HRA RES 1997-10 - 00001047HRA RESOLUTION NO. 10 - 1997
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF
AN AGREEMENT BY AND BETWEEN THE HOUSING &
REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF
FRIDLEY AND DEALERS MANUFACTURING, CO. FOR A
POLLUTION CLEANUP PROGRAM
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 1. Recitals.
1.01. It has been proposed that the Authority enter into an Agreement
(the "Agreement") with Dealers Manufacturing, Co. (the "Company").
Section 2. Findinqs.
2.01. The Authority hereby finds that it has been 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 acting as the applicant for the
Department of Trade and Economic Development's Contamination Cleanup
Grant and the Metropolitan Council's Tax Base Revitalization Program on
behalf of the Company promotes the objectives as outlined in its
Redevelopment Program.
2.03. The Authority hereby finds that it is necessary to enter into an
agreement with the Company regarding payment of the required local match
and other issues.
Section 3. Authorization for Execution and Deliverv.
3.01. The Chairman and the Executive Director of the Authority are
hereby authorized to execute and deliver the Agreement when the
following condition is met:
The Company agrees to provide the required local match and agrees
to reimburse the Authority for additional consulting and
financial costs.
PASSED AND ADOPTED BY THE HOUSING & REDEVELOPMENT AUTHORITY OF THE CITY
OF FRIDLEY THIS 8TH DAY OF MAY, 1997.
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
WILLIAM W. BURNS - EXECUTIVE DIRECTOR