HRA Res 2016-05 Third Amendment to Contract for Fridley Land
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE
CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
RESOLUTION NO. 2016 - 05
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A THIRD
AMENDMENT TO THE CONTRACT FOR PRIVATE REDEVELOPMENT BY AND
BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR
THE CITY OF FRIDLEY MINNESOTA AND FRIDLEY LAND LLC
BE IT RESOLVED by the Board of Commissioners (the “Board”) 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 Third Amendment to
the Contract for Private Redevelopment (the “Third Amendment”) with Fridley Land LLC,
a Minnesota limited liability company (the “Redeveloper”).
Section 2. Findings.
2.01. The Board hereby finds that the Third Amendment promotes the objectives
as outlined in its Development Program established pursuant to Minnesota Statutes,
Section 469.001 et seq.
2.02. The Board hereby finds that it has approved and executed (i) a Contract for
Private Redevelopment between the Authority and the Redeveloper dated as of
October 3, 2013 (the “Contract”), (ii) a First Amendment to the Contract dated as of
May 1, 2014, and (iii) a Second Amendment to the Contract dated as of November 6,
2014.
Section 3. Authorizations.
3.01. The Chair and the Executive Director (the “Officers”) are hereby authorized
to execute and deliver the Third Amendment to the Contract when the following
conditions are met:
1. Substantial conformance of a Third Amendment to the Third Amendment
presented to the Authority as of this date with such additions and
modifications as the Officers may deem desirable or necessary as
evidenced by the execution thereof.
th
Adopted by the Board of the Authority this 14 day of July, 2016.
__________
Lawrence R. Commers, Chairperson
ATTEST:
Walter T. Wysopal, Executive Director
2