HRA Res 2019-08 Land Sale - 6431 University Ave
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
HRA RESOLUTION NO. 2019 - 08
A RESOLUTION AUTHORIZING THE SALE OF PROPERTY BY THE HOUSING AND
REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY,
MINNESOTA
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 sell certain property (the "Property") described
below:
Legal Description: Street Address
See Attached 6431 University Ave. NE
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 it has approved and adopted a redevelopment agreement
with Fridley Investments, LLC to construct senior housing on the former Municipal Center
property.
2.03. The Authority hereby finds that it has performed all actions required by Minnesota Statutes
for the sale of the Property.
2.04. The Authority hereby finds that the sale of the Property promotes the objectives as outlined
in its Redevelopment Program and the Plan.
HRA Resolution No. 2019 – 08 Page 2
Section 3. Approval of the Sale.
3.01 The sale of the Property is hereby approved.
Section 4. Authorization for Execution and Delivery.
4.01. The Chairman, the Executive Director and Assistant Executive Director are hereby
authorized to execute and deliver any documents necessary to effect the sale of the Property.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN
TH
AND FOR THE CITY OF FRIDLEY, MINNESOTA, THIS 4 DAY OF APRIL, 2019.
___________________________________________
WILLIAM B. HOLM - CHAIRPERSON
ATTEST:
___________________________________________
WALTER T. WYSOPAL, EXECUTIVE DIRECTOR
HRA Resolution No. 2019 – 08 Page 2