2020-12 8th Amendment with Fridley Investments
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE
CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
RESOLUTION NO. 2020 - 12
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF AN EIGHTH
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 INVESTMENTS LLC
BE IT RESOLVED by the
Redevelopment Authority in and for the City of Fridley Min
follows:
Section 1. Recitals.
1.01. It has been proposed that the Authority enter into an Eighth Amendment to
the Contract for Private Redevelopment
Section 2. Findings.
2.01. The Board hereby finds that the Eighth 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 January
3, 2019, a First Amendment to that Contract dated as of April 4, 2019, a Second
Amendment to that Contract dated as of June 6, 2019, a Third Amendment to that
Contract dated as of June 10, 2019, and a Fourth Amendment to that Contract dated as of
August 1, 2019., a Fifth Amendment to that Contract dated as of December 5, 2019, a
Sixth Amendment to that Contracted dated as of March 5, 2020, and a Seventh
Amendment dated as of June 4, 2020.
Section 3. Authorizations.
3.01. The Chair and the Executive Diare hereby authorized
to execute and deliver the Seventh Amendment to the Contract when the following
condition is met:
Substantial conformance of an Eighth Amendment to the Eighth 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 5 day of November, 2020.
________________________________
WILLIAM B. HOLM - CHAIRPERSON
ATTEST:
_________________________________________
WALTER T. WYSOPAL - EXECUTIVE DIRECTOR