HRA Res 2019-12 2nd Amendment with US Home
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE
CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
RESOLUTION NO. 2019-12
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A SECOND
AMENDMENT TO THE CONTRACT FOR PRIVATE REDEVELOPMENT BY AND
BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR
THE CITY OF FRIDLEY MINNESOTA AND U.S. HOME CORPORATION
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 Second Amendment to the
Contract for Private Redevelopment (the “Second Amendment”) with U.S. Home Corporation, a
Delaware corporation (the “Redeveloper”).
Section 2. Findings.
2.01. The Board hereby finds that the Second 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 a Contract for Private
Redevelopment between the Authority and the Redeveloper dated as of December 12, 2018 (the
“Contract”) and a First Amendment to the Contract with an effective date June 21, 2019.
Section 3. Authorizations.
3.01. The President and the Executive Director (the “Officers”) are hereby authorized to
execute and deliver the Second Amendment to the Contract when the following condition is met:
Substantial conformance of a Second Amendment to the Second 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.
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Adopted by the Board of the Authority this 11 day of July, 2019.
____________________________________
WILLIAM B. HOLM - CHAIRPERSON
ATTEST:
____________________________________________
WALTER T. WYSOPAL - EXECUTIVE DIRECTOR