HRA RES 1995-17 31
HRA RESOLUTION NO. 17 - 1995
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 AND AGRO-K CORPORATION
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 AGRO-K Corporation (the
"Redeveloper") .
Section 2. Findings.
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 Delivery.
3.01. The Chairman and the Executive Director of the Authority are hereby
authorized to execute and deliver the Contract when 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 HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF FRIDLEY THIS 10TH DAY OF AUGUST, 1995.
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
WILLIAM W. BURNS - EXECUTIVE DIRECTOR