Fourth Amendment to Contract BAE
Execution: December 5, 2019
________________________________________________________________________
FOURTH AMENDMENT
TO THE
CONTRACT
FOR
PRIVATE REDEVELOPMENT
By and Between the
HOUSING AND REDEVELOPMENT AUTHORITY
In and For
THE CITY OF FRIDLEY, MINNESOTA
And
FRIDLEY LAND LLC
________________________________________________________________________
This document was drafted by:
James Casserly, Esq.
Monroe Moxness Berg PA
7760 France Ave South, Suite 700
Minneapolis, Minnesota 55435
952-885-1296
FOURTH AMENDMENT
TO THE
CONTRACT FOR PRIVATE REDEVELOPMENT
th
THIS FOURTH AMENDMENT is made on or as of this 5 day of December, 2019,
by and between the Housing and Redevelopment Authority in and for the City of Fridley,
Minnesota (the "Authority") and Fridley Land LLC, a Minnesota limited liability company (the
"Redeveloper").
WITNESSETH:
WHEREAS, the Authority and the Redeveloper entered into a Contract for Private
Redevelopment dated as of October 3, 2013, a First Amendment to the Contract for Private
Redevelopment dated as of May 1, 2014 (the “First Amendment”), a Second Amendment to
the Contract for Private Redevelopment dated as of November 6, 2014 (the “Second
Amendment”), and a Third Amendment to the Contract for Private Development dated as of
July 14, 2016 (the “Third Amendment”) (collectively the "Contract"). (Capitalized terms not
defined in this Agreement are defined in the Contract); and
WHEREAS, the Redeveloper is performing all of its obligations required by the
Contract; and
WHEREAS, the Authority is performing its obligations in accordance with the
Contract; and
WHEREAS, the Authority and Redeveloper desire to amend the Contract to further
the purposes set forth therein;
NOW, THEREFORE, in consideration of the premises and the mutual obligations of
the parties hereto, the parties hereby agree as follows:
Section 1. Section 8.2 – Right to Collect Delinquent Fees. Section 8.2 is hereby
deleted.
Section 2. Amendment Supersedes Contract. The terms and conditions contained
in this Fourth Amendment shall supersede any conflicting provisions contained in the
Contract.
IN WITNESS WHEREOF, the Authority has caused this Fourth Amendment to the
Contract for Private Redevelopment to be duly executed in its name and behalf and the
Redeveloper has executed this Fourth Amendment to Contract for Private Redevelopment
on or as of the date first above written.
\[Signature Pages Follow\]
Dated: December 19, 2019
HOUSING AND REDEVELOPMENT AUTHORITY IN
AND FOR THE CITY OF FRIDLEY, MINNESOTA
By _____________________________________
Its Chair
By _____________________________________
Its City Manager
STATE OF MINNESOTA )
)ss
COUNTY OF ANOKA )
On this 20th day of December, 2019 before me, a notary public, personally
appeared William Holm and Wally Wysopal to me personally known who by me duly sworn,
did say that they are the HRA Chair and City Manager respectively, of the Housing and
Redevelopment Authority in and for the City of Fridley, Minnesota, and acknowledged the
foregoing instrument on behalf of said Authority.
___________________________________
Notary Public
Authority Signature Page
Fourth Amendment to Contract for Private Redevelopment
2
Dated: ____________________
FRIDLEY LAND LLC
By
Its
STATE OF MINNESOTA )
) ss.
COUNTY OF )
On this _____ day of _____________________________, 201____ before me, a
notary public, personally appeared ___________________________________________
of Fridley Land LLC, a Minnesota limited liability company, and acknowledged the
foregoing instrument on behalf of said company.
__________________________________
Notary Public
Redeveloper Signature Page
Fourth Amendment to Contract for Private Redevelopment
4816-4368-9390, v. 1
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