HomeMy WebLinkAboutResolution 2026-03
Resolution No. 2026-03
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A CONTRACT FOR PRIVATE
REDEVELOPMENT BY AND BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF FRIDLEY MINNESOTA AND RIVER EDGE BC OWNER, LP
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 Contract for Private
Redevelopment (the “Contract”) with River Edge BC Owner, a limited partnership organized under
the laws of the State of Delaware (the “Redeveloper”).
Section 2. Findings.
2.01. The Authority hereby finds that it has approved and adopted a development
program known as the Redevelopment Plan for its Redevelopment Project No. 1 (the
“Redevelopment Program”) pursuant to Minnesota Statutes, Section 469.001 et seq., as amended
and supplemented from time to time.
2.02 The Authority hereby finds that the Contract promotes the objectives set forth in
its Redevelopment Program.
Section 3. Authorization for Execution and Delivery.
3.01. The Chairperson and the Executive Director of the Authority (the “Officers”) are
hereby authorized to execute and deliver the Contract.
Passed and adopted by the Housing & Redevelopment Authority in and for the City of
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Fridley this 8 day of January, 2026.
_______________________________________________
Elizabeth Showalter - Chairperson
Attest:
_________________________________________________
Paul Bolin - Executive Director
Resolution No. 2026 –03 Page 2