1998 HRA Resolution 0682
HRA RESOLUTION NO. 682
RESOLUTION OF THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND
FOR THE CITY OF RICHFIELD, MINNESOTA
APPROVING CONTRACT FOR PRIVATE REDEVELOPMENT WITH
CSM PROPERTIES, INC.
WHEREAS,
the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota (the “Authority”) is considering the establishment of a
Redevelopment district (the “District”) which would be known as Interchange West
pursuant to Minn.Stat. Chapter 469 in an effort to encourage the development and
redevelopment of certain designated areas within the City of Richfield; and
WHEREAS,
among the development activities proposed to be assisted by the
Authority in the District are the development of commercial office and hotel facilities,
housing and restaurants; and
WHEREAS,
there has been presented before the Authority a form of Contract for
Private Redevelopment (“Contract”) among the Authority and CSM Properties, Inc.
setting forth the parties respective responsibility in developing the aforementioned
facilities; and
WHEREAS,
the Authority has reviewed the Contract and finds that the execution
of the same and the Authority’s performance of its obligations thereunder are in the
best interest of the Authority and its residents.
NOW, THEREFORE, BE IT RESOLVED
by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota as follows:
1.That the Contract, as presented to the Authority, is hereby in all respects approved,
subject to insubstantial modifications which may be subsequently approved by the
Board Chair and the Authority’s legal counsel.
2.That the proper Authority officers are hereby authorized to execute the Contract on
behalf of the Authority and to carry out, on behalf of the Authority, the Authority’s
obligations thereunder.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota this 19th of October, 1998.
___________________________
Thomas E. Harms, Chairperson
ATTEST:
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Michael Sandahl, Secretary