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HRA RES 2001-07 - 00002003RESOLUTION NO. HRA 7-2001 RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A CONTRACT OR PRIVATE REDEVELOPMENT BY AND BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY 1N AND FOR THE CITY OF FRIDLEY, MINNESOTA AND WILKINSON CONSTRUCTION COMPANY 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 Contract for Private Redevelopment (the "Contract") with Wilkinson Construction Company (the "Redeveloper"). 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 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. Authorization for Execution and Deliverv of the Contract. 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 HOUSING AND REDEVELOPMENT AUTHORITY 1N AND FOR THE CITY OF FRIDLEY, MINNESOTA THIS 2"d DAY OF AUGUST, 2001. LAWRENCE R. COMIV�RS - CHAIRPERSON ATTEST: WILLIAM W. BURNS — EXECUTIVE DIRECTOR