2000 HRA Resolution 0779
HRA RESOLUTION NO. 779
RESOLUTION APPROVING FIRST AMENDMENT
TO CONTRACT FOR PRIVATE REDEVELOPMENT
(CSM / Gateway)
WHEREAS,
the HRA and CSM Investors II, Inc. (the "Redeveloper") did on or
about April 10, 2000 enter into an agreement entitled, Contract for Private
Redevelopment, (the "Contract"), calling for the redevelopment of an area of land (the
"Property") lying within the City of Richfield; and
WHEREAS
, a number of the timelines for performance by the Redeveloper
contained in the Contract were based upon the anticipated schedule for work on the
roadways abutting and serving the Property; and
WHEREAS,
it has become necessary to delay the commencement and
completion of the roadway work for periods of time that will not permit the Redeveloper
to comply with certain of the timelines contained in the Contract; and
WHEREAS,
the Redeveloper is willing to accept the deferral of the schedule for
the roadway work, but has requested that certain of the timelines contained in the
Contract be adjusted to reflect the new schedule for the roadway work; and
WHEREAS
, the HRA has been presented a proposed First Amendment to the
Contract designed to accomplish those objectives, and has received the
recommendation of its staff that the First Amendment be approved.
NOW THEREFORE, BE IT RESOLVED
by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota that the First Amendment to the
Contract is hereby approved in all respects, and the Chair and Executive Director are
hereby authorized to execute and deliver said First Amendment to the Redeveloper.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 21st day of August, 2000.
_____________________________
Thomas E Harms, Chair
ATTEST:
__________________________
Michael Sandahl, Secretary