HRA RES 2001-04 - 00002091RESOLUTION NO. HRA 4-2001
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A CONTRACT FOR
PRIVATE REDEVELOPMENT BY AND BETWEEN THE HOUSING AND
REDEVELOPMENT AUTHORITY 1N AND FOR THE CITY OF FRIDLEY, MINNESOTA,
AND LEGACY COMMUNITIES, L.L.C.
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 Legacy Communities, L.L.C. (the "Redeveloper").
Section 2. Findin�s.
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, Sections 44 through 47, inclusive, as amended
and supplemented from time to time.
2.03. The Authority hereby finds it has performed all actions required by the applicable Minnesota
Statutes and has approved 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 Deliverv 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.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY 1N
AND FOR THE CITY OF FRIDLEY, MINNESOTA, THIS 3� DAY OF MAY, 2001.
LAWRENCE R. COMIV�RS, CHAIRPERSON
ATTEST:
WILLIAM W. BURNS, EXECUTIVE DIRECTOR