2020-14 Sherman Associates 7th Amendment 12-03-2020
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE
CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
RESOLUTION NO. HRA 2020 - 14
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A SEVENTH
AMENDMENT TO THE RESTATED CONTRACT FOR PRIVATE
REDEVELOPMENT BY AND BETWEEN THE HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF FRIDLEY MINNESOTA AND SHERMAN
ASSOCIATES DEVELOPMENT 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 a Seventh Amendment to
the Restated Contract for Private Redevelopment (the
Sherman Associates Development LLC, a Minnesota limited liability company (the
Section 2. Findings.
2.01. The Board hereby finds that the Seventh 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 Restated
Contract for Private Redevelopment between the Authority and the Redeveloper dated as
of April 4, 2019, a First Amendment dated as of July 11, 2019, a Second Amendment
dated as of September 5, 2019, a Third Amendment dated as of October 3, 2019, a Fourth
Amendment dated as of December 5, 2019, a Fifth Amendment dated as of January 2,
2020, and a Sixth Amendment dated as of August 6, 2020.
Section 3. Authorizations.
3.01. The President and the Executive
authorized to execute and deliver the Seventh Amendment to the Contract when the
following conditions are met:
1. Substantial conformance of a Seventh Amendment to the Seventh
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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December
3rd
Adopted by the Board of the Authority this _______ day of ___________________, 2020.
__________________________________
WILLIAM B. HOLM - CHAIRPERSON
ATTEST:
_________________________________________
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