2020-13 1st Amendment with Roers
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE
CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
RESOLUTION NO. 2020 - 13
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A FIRST
AMENDMENT TO THE CONTRACT FOR PRIVATE REDEVELOPMENT BY AND
BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR
THE CITY OF FRIDLEY MINNESOTA AND ROERS FRIDLEY APARTMENTS 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 First Amendment to the
Contract for Private Redevelopment (the “First Amendment”) with ROERS FRIDLEY
APARTMENTS LLC, a Delaware limited liability company (the “Redeveloper”).
Section 2. Findings.
2.01. The Board hereby finds that the First 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
September 3, 2020.
Section 3. Authorizations.
3.01. The President and the Executive Director (the “Officers”) are hereby
authorized to execute and deliver the First Amendment to the Contract when the following
condition is met:
1. Substantial conformance of a First Amendment to the First 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.
Resolution No. HRA 2020 – 13 Page 2
Adopted by the Board of the Authority this _______ day of ___________________, 2020.
________________________________
WILLIAM B. HOLM - CHAIRPERSON
ATTEST:
_________________________________________
WALTER T. WYSOPAL - EXECUTIVE DIRECTOR