1999 HRA Resolution 0725HRA RESOLUTION NO. 725
RESOLUTION AUTHORIZING EXECUTION OF A
CERTIFICATE OF COMPLETION FOR
MERIDIAN CROSSINGS, PHASE II
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota (HRA) entered into a Contract for Private Redevelopment
(Contract) with Meridian Properties Real Estate Development L.L.C., a Minnesota
limited liability company, d/b/a TOLD Development Company (Developer), dated
November 6, 1995, pursuant to and in furtherance of the ILN Redevelopment Project
heretofore adopted by the City and the Richfield Housing and Redevelopment Authority;
and
WHEREAS, the Contract obligated the Developer to construct certain
improvements to the property identified in that Contract; and
WHEREAS, Section 4.7 of the Contract required the HRA to furnish the
Developer with a Certificate of Completion upon completion of the Phase II construction
in accordance with Concept Plans; and
WHEREAS, the Contract establishes the form for the Certificate of Completion in
Exhibit B; and
WHEREAS, staff has found the improvements to be in accordance with the terms
of the Contract.
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield that the Acting Executive Director and HRA
Chair are directed to execute the Phase II Certificate of Completion and deliver same to
the Developer.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 16th day of August, 1999.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary
EXHIBIT A
Legal Description
Lot 2, Block 3, CLOVERLEAF ADDITION, according to the recorded plat thereof,
Hennepin County, Minnesota.
EXHIBIT B
CERTIFICATE OF COMPLETION
The undersigned hereby certifies that Meridian Properties Real Estate
Development L.L.C., a Minnesota limited liability company, d/b/a TOLD Development
Company has fully and completely complied with its obligations under Article IV of that
document entitled "Contract for Private Development," dated November 6, 1995,
between THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF RICHFIELD and MERIDIAN PROPERTIES REAL ESTATE DEVELOPMENT
L.L.C., a Minnesota limited liability company, d/b/a TOLD Development Company, with
respect to construction of the Improvements located on the tract of land described in the
attached Exhibit A in accordance with the requirements of such document and is
released and forever discharged from its obligations to constructing the Improvements
under such above-referenced Article on the above-referenced tract.
DATED:
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD
By
Its Chairperson
By
Its Acting Executive Director