HRA Res 2013-15 Private Redevelopment
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE
CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
RESOLUTION NO. 2013-15
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A
CONTRACT FOR PRIVATE REDEVELOPMENT BETWEEN THE HOUSING
AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY
AND FRIDLEY LAND LLC
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 Fridley Land LLC (the “Redeveloper”).
Section 2. Findings.
2.01 The Authority hereby finds that it has approved and adopted a development
program known as the Redevelopment Plan for its Redevelopment Project No. 1 (the
“Redevelopment Program”) pursuant to Minnesota Statutes, Section 469.001 et seq., as amended
and supplemented from time to time.
2.02 The Authority hereby finds that it has approved and created Tax Increment
Financing District No. 20 and Hazardous Substance Subdistrict (the “HSS”) No. 20A and
approved and adopted the Tax Increment Financing Plans relating thereto pursuant to Minnesota
Statutes, Section 469.174 et seq., as amended and supplemented from time to time.
2.03 The Authority hereby finds that the Contract promotes the objectives set forth in
its Redevelopment Program.
Section 3. Authorization for Execution and Delivery.
3.01The Chairman and the Executive Director of the Authority are hereby authorized
to execute and deliver the Contract when the following conditions are met:
(a)Substantial conformity of the Contract to the form of Contract presented to
the Authority as of this date, with such additions and modifications as the
Officers may deem desirable or necessary as evidenced by their execution
of the Contract.
Resolution No. HRA 2013-15 Page 2
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN
AND FOR THE CITY OF FRIDLEY THIS 3rd DAY OF OCTOBER, 2013.
___________________________________
Lawrence R. Commers, Chairman
ATTEST:
__________________________________________
Walter T. Wysopal, Executive Director
MMB: 4850-5998-4148, v. 1