HRA RES 1995-23 40
_ HRA RESOLUTION NO. 23 - 1995
RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A
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 Contract for
Exclusive Negotiations (the "Contract") 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 the Contract promotes the objectives as
outlined in its Redevelopment Plan.
Section 3. Authorization for Execution and Delivery.
3.01. The Chairman and the Executive Director (the "Officers") 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 with such additions and
modifications as the Officers may deem desirable or necessary as
evidenced by the execution hereof.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF FRIDLEY THIS 9TH DAY OF NOVEMBER, 1995.
„ i?
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
VF�
ILLIAM W. BURNS - EXECUTIVE DIRECTOR