HRA RES 1997-16 - 00001055HRA RESOLUTION NO. 16 - 1997
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY
OF A FIRST AMENDMENT TO THE CONTRACT FOR
EXCLUSIVE NEGOTIATIONS BY AND BETWEEN THE
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR
THE CITY OF FRIDLEY AND MEPC AMERICAN
PROPERTIES, 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 First
Amendment to the Contract for Exclusive Negotiations (the "Amendment")
with MEPC American Properties, Inc. (the "Redeveloper").
Section 2. Findings.
2.01.The Authority hereby finds that it has approved and adopted a
development plan known as the Modified Redevelopment Plan for its
Redevelopment Project No. 1(the "Redevelopment Plan") pursuant to
Minnesota Statutes, Section 469.001 et. seq.
2.02.The Authority hereby finds that it has approved and executed a
Contract for Exclusive Negotiations between the Authority and the
Redeveloper effective as of December 1, 1995.
Section 3. Authorizations.
3.01.The Chairman and the Executive Director (the "Officers") of the
Authority are hereby authorized to execute and deliver the Amendment
when the following condition is met:
Substantial conformance of an Amendment to the Amendment presented
to the Authority as of this date with such additions and modifications
as the Officers may deem desirable or necessary as evidenced by the
execution thereof.
PASSED AND ADOPTED BY THE HOUSING & REDEVELOPMENT AUTHORITY OF THE
CITY OF FRIDLEY THIS 14TH DAY OF AUGUST, 1997.
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
WILLIAM W. BURNS - EXECUTIVE DIRECTOR