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HRA RES 2001-05 - 00002001RESOLUTION NO. HRA 5-2001 A RESOLUTION AUTHORIZING EXECUTION OF A COOPERATIVE CONSTRUCTION AGREEMENT (NO. 81795) BY AND BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY 1N AND FOR THE CITY OF FRIDLEY, MINNESOTA, AND THE MINNESOTA DEPARTMENT OF TRANSPORTATION 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. The Authority, at its regular meeting on February 3, 2000, approved financial participation in sound wall improvements for Trunk Highway 47 from 44t'` Avenue Northeast to 625 feet north of 53rd Avenue Northeast under State Project No. 0205-75 (collectively known as "the Project"). 1.02. It has been proposed by the Minnesota Department of Transportation (the "MnDOT") that the Authority execute Cooperative Construction Agreement No. 81795 (the "Agreement") which covers the Authority's participation in the Project. 1.03. The Agreement provides for a lump sum payment by the Authority to the MnDOT for the Authority's share of the costs of the decorative noise wall trim construction related to the Project. Section 2. Findin�s. 2.01. The Authority hereby finds that the Project is in the best interests of the City of Fridley and authorizes the Chairperson and Executive Director of the Authority to enter into Cooperative Construction Agreement No, 81795 with MnDOT. PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY 1N AND FOR THE CITY OF FRIDLEY, MINNESOTA, THIS 7TH DAY OF JUNE, 2001. LAWRENCE R. COMIV�RS, CHAIRPERSON ATTEST: WILLIAM W. BURNS, EXECUTIVE DIRECTOR