1999 HRA Resolution 0702
HRA RESOLUTION NO. 702
RESOLUTION 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 Lyndale
Gateway 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 office, retail and housing; 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 January, 1999.
___________________________
Thomas E. Harms, Chairperson
ATTEST:
__________________________
Michael Sandahl, Secretary