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HRA RES 1965-04 - 00014097�Fi�����i.l'��Z� �{�a 14���'i"-. .�i'3f�7�,.,3e A TtESULUTiON DF' Tk� F'R1C+LEY .iOI:aTNQ /1'ii� ;31"sI3}:;�f'a�rJF'ix��v'I' .`1ti'PE:J>t�"y'i � RE: `i'FIEISL+'hd-REll Ur,i, ?TiC� PHO°DSED P,��C}�1T��C"[' L.'A� �AS, at tha re�ulac me€�ting ��: she Aui.hns��t�r on Jw,e� �3� �96� tha kuthority reviewred the huil�ling progr�.m proposed i�y vhe Theisen-Red �rl Enc,� interesta as requu�ted by ti�p rridJ_ey City Council; and WHEREAS, the proposa�i bui2ding� �a t>e Iocated in the nraAtheast quadrant of the intersection of UnivArsi�y kvenur and ;4i.ssis�igp� 3tree'L, borders the propnsed Fridley City Ge�ntnr P,.�developm�nt a�eA and as such muat be cansidered an intc�al past �n the Yuture devalap= ment of the enbire area a4 srell as the praposed redeveloprr,�nt aseu; and WHF`�REAS� the Author3ty has not had suf£iciant time to prepar� a definits devaZopmeni plan far the Ci%y Center area £rom wtiich guide� liaes can be developed as an aid in �o�ning proper �udgmenbs as to ikg moat desirahle use o� t:�,e bordering sreas and spaci£ieaa.I,y af the �ra� posed 'Theiaen-Red OirZ Iac„ p,^ojectj ar�cl 4�HEREAS� tha interosts of the genes•fr,t cammuniiy as tae11 as tho�e of the Authority and those af the Thai�en�Rad Owl Inen grtiup are afi� stake in the proper development of th+: entire tirea4 � NOt4, THEREFORE BF. IT RESULYID b�; �ha Cridiey ISoiz.sing an� Rsdeve•• lopment Authority, Fridley, Minne9ota, as 3olAaws: Is That, in the interest nf ordaely and ecanomiG de�7e.'to�:r�ent� of the City Center area x� weil a.s of 9;kio immediatel,y surraundia�; ar�s, the City o£Yioials of F�idley� in caa�mraLaan Nxi�n the Theisen�8ed (��r� Inc. interests: delay tha pro�osed builcing progrsm £or th� northea�i quadrant of University Avenue - I+Lissisai�pi Street int4rseci;a �n flax �. period of time sufficient fox the Aut��arity i,o malto a sourad j�adp,m3xa; as tn desirabiiity o;f �he proposale 2. That, due oonsideratian and �cioquate oaramination ba �i-rett �he relevant faators af'fee�in� the propas�d huilding �,rogram ouvlizxed i.n the memarandum prepared £ar the City �i i+ridit�� cey the consultis� f'ixm of Hadne and Associstes. ADOPT$I} AT THE SPECII.Z ,IE�i'ING OF `�'FiG F'3�SBLEY HOUSIPIG ANTJ RLDEV�IAPI�:N`T AT�TSORI'FY QPI TfiE 3ST DAY Qt� JULY I96�, FI..�:i?�FSi:T�r!�g5i"� Q:!lEi].�o�. ��.•��._— �m � ATTEST: �iY.B i�' ..�%5p a5`BC�ti'.j:$Y'�'..�.....��.....�...�