HRA RES 2000-11 - 00002012RESOLUTION NO. HRA 11-2000
A 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, MINNESOTA,
AND SCOTT OLMSTEAD BUII,DERS, 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. B�citals.
1.01. It has been proposed that the Authority enter into a Contract for Private Redevelopment (the
"Contract") with Scott Olmstead Builders, Inc. (the "Redeveloper").
Section 2. Fin�.
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 it has approved and adopted a Housing Replacement District
Plan (the "Plan") and created Housing Replacement District No. 1, pursuant to and in accordance with
Laws of Minnesota 1995, Chapter 264, Article 5, Sections 44 through 47, inclusive, as amended and
supplemented from time to time.
2.03. The Authority hereby finds that it has performed all actions required by the applicable
Minnesota Statutes and has approved the sale of property that is subject to the terms of the Contract.
2.04. The Authority hereby finds that the Contract promotes the objectives as outlined in its
Redevelopment Program and the Plan.
Section 3. Anth�ri�ati�ns
3.01. The Chairperson and the Executive Director of the Authority (the "Officers") are hereby
authorized to execute and deliver the Contract with such additions and modifications as the
Officers may deem desirable or necessary as evidenced by their execution.
PASSED AND ADOPTED BY THE FRIDLEY HOUSING AND REDEVELOPMENT
AUTHORITY 1N AND FOR THE CITY OF FRIDLEY, NIlNNESOTA, THIS 5r'' DAY OF
OCTOBER, 2000.
LAWRENCE R. COMIV�RS, CHAIIZPERSON
ATTEST:
WII,LIAM W. BURNS, EXECUTIVE DIRECTOR