HRA RES 1998-13 - 00001019RESOLUTION NO. HRA 13 - 1998
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, MINNESOTA, AND SUSSEL
CORPORATION
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 a Contract
for Private Redevelopment (the "Contract") with Sussel Corporation,
(the "Redeveloper") and to approve construction plans (the
"Construction Plans" as provided for in the Contract.
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
Minnesota Statutes, Section 469.001 et seq.
2.02.The Authority hereby finds that it has approved and adopted a
Housing Replacement District Plan (the "Plan") and created Housing
Replacement District No. 1, pursuant to and in accordance with Laws
of Minnesota 1995, Chapter 264, Article 5, Section 44 through 47,
inclusive, as amended and supplemented from time to time.
2.03.The Authority hereby finds that it has performed all actions
required by Minnesota Statutes and approves the sale of property that
is subject to the terms of the Contract.
2.04.The Authority hereby finds that the Contract promotes the
objectives as outlined in its Redevelopment Program and the Plan.
Section 3. Authorization for Execution and Delivery of the Contract.
3.01.The Chairperson and the Executive Director of the Authority (the
"Officers") are hereby authorized to execute and deliver the Contract
with such additions and modifications as the Officers may deem
desirable or necessary as evidenced by their execution.
Section 4. Approval of the Construction Plans.
4.01 The Construction Plans are hereby approved.
Page 2- RESOLUTION NO. HRA 13 - 1998
PASSED AND ADOPTED BY THE FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY
OF THE CITY OF FRIDLEY THIS 2ND DAY OF JULY 1998.
LAWRENCE R. COMMERS - CHAIRPERSON
ATTEST:
WILLIAM W. BURNS, EXECUTIVE DIRECTOR