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HRA Res 2014-14 - Grant Application to Met Council for 4800 E River Road HRA RESOLUTION 2014 - 14 RESOLUTION AUTHORIZING THE SUBMISSION OF A GRANT APPLICATION TO THE METROPOLITAN COUNCIL FOR THE TAX BASE REVITALIZATION ACCOUNT FOR THE REDEVELOPMENT OF 4800 EAST RIVER ROAD WHEREAS, the City of Fridley is a participant in the Livable Communities Act's Local Housing Incentives Account Program for 2014, as determined by the Metropolitan Council, and is therefore eligible to make application for funds under the Tax Base Revitalization Account (TBRA); and WHEREAS Hyde Development has purchased the Northern Stacks Site, formerly BAE, located at 4800 East River Road and has made substantial progress towards the industrial clean up and redevelopment of this property; and WHEREAS the 122 acre site is still heavily contaminated with pollution and the proposed uses of the requested funds is consistent with goals of the TBRA; and WHEREAS the Fridley Housing & Redevelopment Authority (Fridley HRA) has the legal authority to apply for financial assistance, and the institutional, managerial, and financial capability to ensure adequate project administration. NOW, THEREFORE BE IT RESOLVED that upon approval of its application by the Metropolitan Council, the Fridley HRA may enter into an agreement with the Metropolitan Council for the above referenced project(s), and that the Fridley HRA certifies that it will comply with all applicable laws and regulation as stated in all contract agreements. NOW, THEREFORE BE IT FURTHER RESOLVED that the Chairperson and the Executive Director,are hereby authorized to execute such agreements as are necessary to implement the project on behalf of the applicant. PASSED AND ADOPTED BY THE FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA, THIS 6th DAY OF NOVEMBER, 2014. _______ _______________________________________ LAWRENCE R. COMMERS, CHAIRPERSON ATTESTED: ____________________________________ _ WALTER T. WYSOPAL, EXECUTIVE DIRECTOR I CERTIFY THAT the above resolution was adopted by the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota on November 6th, 2014. ___________________________________ DEB A. SKOGEN, CITY CLERK