HRA RES 1996-07 - 00001074HRA RESOLUTION N0. 7- 1996
RESOLUTION AUTHORIZING REIMBURSEMENT TO THE CITY OF FRIDLEY
FOR THE MISSISSIPPI STREET/3RD STREET INTERSECTION
CONSTRUCTION PROJECT
WHEREAS, Anoka County has required certain public improvements to be completed
to the Mississippi Street and 3rd Street intersection as a result of the
Southwest Quadrant redevelopment project; and
WHEREAS, the City of Fridley will administer and oversee the project's
construction; and
WHEREAS, the cost of the improvements will be shared equally by Holly Center,
Anoka County, Rottlund Homes, Inc., and the Fridley Housing & Redevelopment
Authority; and
WHEREAS, Holly Center has submitted a letter consenting to be assessed by the
City for their share of the costs; and
WHEREAS, the Authority will receive Rottlund's share upon sale of the
property; and
WHEREAS, Anoka County will reimburse the City; and
WHEREAS, the total project cost is estimated to be $162,237.69.
NOW, THEREFORE, BE IT RESOLVED that the Authority agrees to reimburse the City
of Fridley up to one-half of the construction cost as currently estimated for
the completion of the public improvements at the intersection of Mississippi
Street and 3rd Street.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF FRIDLEY THIS 11TH DAY OF APRIL, 1996.
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
WILLIAM W. BURNS - EXECUTIVE DIRECTOR