HRA RES 1991-01 - 00013848'
�
'
RESOLUTION NO. HRA 1- 1991
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 OE
FRIDLEY AND RMS COMPANY.
BE IT RESOLVED by the Board of Commissioners (the "Commissioners")
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 RMS
Company (the "Redeveloper").
Section 2. Findina.
2.01. The Authority hereby finds that it has approved and
adopted a development program known as the Modified Redevelopment
Plan for its Redevelopment Project No. 1(the "Redevelopment
Program") pursuant to Minnesota Statutes, Section 469.001 et sea.
2.02. The Authority hereby finds that the Contract
promotes the objectives as outlined in its Redevelopment Program.
Section 3. Authorization for Execution and Deliverv.
3.01. The Chairperson and the Executive Director of the
Authority are hereby authorized to execute and deliver the Contract
when the following condition is met:
Substantial conformance of a Contract to the
Contract as presented to the Authority as of
this date.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY OF
THE CITY OF FRIDLEY THIS lOTH DAY OC�, 199�. —�i
� �
LAWRENCE R. COMMERS, CHAIRPERSON
ATTEST: ,/
�'�����'Il9ii' � Ctil�7?/�--
WILLIAM W. BURNS, EXECUTIVE DIRECTOR