HRA RES 1999-03 - 00000977RESOLUTION NO. HRA 3-1999
A RESOLUTION AUTHORIZING EXECUTION AND
DELIVERY OF A PURCHASE AGREEMENT BY AND
BETWEEN THE HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF FRIDLEY AND
HOLIDAY STATIONSTORES, 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 Purchase Agreement (the "Contract")
with Holiday Stationstores, Inc.
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 seq.
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 Executive Director of the Authority are hereby authorized to execute
and deliver the Contract if 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 FRIDLEY HOUSING AND REDEVELOPMENT
AUTHORITY 1N AND FOR THE CITY OF FRIDLEY, MINNESOTA, THIS 28TH DAY OF
APRIL 1999.
LAWRENCE R. COMIV�RS, CHAIRPERSON
ATTEST:
WILLIAM W. BURNS, EXECUTIVE DIRECTOR