HRA Res 2019-03 Fridley Investments
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE
CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
RESOLUTION NO. 2019-03
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF AN
AGREEMENT RELATING TO THE CONTRACT FOR PRIVATE
REDEVELOPMENT BY AND BETWEEN THE HOUSING AND
REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY
MINNESOTA AND FRIDLEY INVESTMENTS LLC
BE IT RESOLVED by the Board of Commissioners (the “Board”) 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 Fridley Investments LLC, a Minnesota limited liability
company (the “Redeveloper”).
Section 2. Findings.
2.01. The Authority hereby finds that it has approved and adopted a development program
known as the Redevelopment Plan for its Redevelopment Project No. 1 (the “Redevelopment
Program”) pursuant to Minnesota Statutes, Section 469.001 et seq., as amended and supplemented
from time to time.
2.02. The Authority hereby finds that the Contract promotes the objectives set forth in its
Redevelopment Program.
Section 3. Authorization for Execution and Delivery.
3.01 The Chairperson and the Executive Director of the Authority (the “Officers”) are
hereby authorized to execute and deliver the Contract when the following conditions are met:
Substantial conformity of the Contract to the form of Contract presented to the
Authority as of this dare, with such additions and modifications as the Officers may
deem desirable or necessary as evidenced their execution of the Contract.
HRA Resolution No. 2019-03 Page 2
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN
RD
AND FOR THE CITY OF FRIDLEY THIS 3 DAY OF JANUARY, 2019.
______________________________________________
STEPHEN H. EGGERT – ACTING CHAIRPERSON
ATTEST:
____________________________________________
WALTER T. WYSOPAL – EXECUTIVE DIRECTOR