06-974r
HRA RESOLUTION NO. 974
AMENDING BUSINESS SUBSIDY AGREEMENT
CEDAR POINT
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield (the "HRA"); and Ryan Companies US, Inc. ("Ryan") have previously executed
and entered into a Business Subsidy Agreement pursuant to action of the HRA and the
City Council approving the same; and
WHEREAS, the parties have determined that certain previous to the revisions to the
previously approved Business Subsidy Agreement as necessary and appropriate; and
,
WHEREAS, the HRA has determined that the amendment to the agreement neither
changes any essential provision of the agreement, nor increases the amount of the
business subsidy to be provided.
NOW, THERE FORE, BE IT RESOLVED, by the HRA as follows:
1. The amended Business Subsidy Agreement in substantially the form of the
attached Exhibit A is hereby approved and the Executive Director and Chair are authorized
and directed to executive and deliver the same to Ryan.
2. The approved contained in paragraph 1 above is subject to prior review and approval of
the amended Business Subsidy Agreement by the City Council.
Approved by the Housing and Redevelopment Authority In and for the City of
Richfield this 30th day of May, 2006.
ATTEST:
Q~O~
Donna Drummond, Secretary