Loading...
HRA RES 1996-02 - 00001066HRA RESOLUTION N0. 2- 1996 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 AND INDUSTRIAL EQUITIES, LLP 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 l. RPritals_ 1.01. It has been proposed that the Authority enter into a Contract for Private Redevelopment (the "Contract") with Industrial Equities, LLP (the "Redeveloper"). Section 2. Findings_ 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 MinnPSOta StatutPS, Section 469.001 Pt-sP T Section 3. Authori�ation for FxPrution and �PlivPr�_ 3.01. The Chairman 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 IN AND FOR THE CITY OF FRIDLEY THIS 11TH DAY OF JANUARY, 1996. LAWRENCE R. COMMERS - CHAIRMAN ATTEST: WILLIAM W. BURNS - EXECUTIVE DIRECTOR