HRA RES 1994-02 - 00013905'
'
,
2
RESOLDTION N0. HRA 2- 1994
A RESOLDTIOH ADTHOBIZIRG E%ECi1TION AflD DHLIVEBY OF A
CONTRACT FOB PRIVATS $EDEVELOPMENT BY AND BETfiEEN THE
HOIISING AND EEDHVELOPMENT AUTHORITY IN AND FOR THE CITY
OF FBIDLEY AND NORWOOD SQIIARE, INC.
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 NORWOOD SQUARE, INC (the
"Redeveloper").
Section 2. Findin�s
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 se .
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 Ol 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 presented to
the Authority as of this date
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF
FRIDLEY THIS 17TH DAY OF MARCH, 1994.
ATTEST:
��.1��,�1 ��
WILLIAM W BURNS - EXECUTIVE DIRECTOR
/
LAWRENCE R CDMMERS - CHAIRPERSON