07-1012r
HRA RESOLUTION NO. 1012
RESOLUTION APPROVING
SECOND AMENDMENT
TO
AGREEMENT REGARDING GRANT FUNDS
WHEREAS, Spider Development LLC, ("Redeveloper") is developing a tract of land in the
City of Richfield pursuant to a Second Amended and Restated Contract for Private
Redevelopment (the "Contract") entered into on April 21, 2003 by and between Gramercy
and the Authority; and
WHEREAS, the Authority and the Gramercy did as of February 1, 2005 enter into that
certain agreement entitled: Agreement Regarding Grant Funds involving the expenditure of
certain Metropolitan Council Metropolitan Livable Communities Grant funds; and did
thereafter amend such agreement as of January 25, 2007 (collectively the "Agreement");
and
WHEREAS, the Redeveloper has proposed that the Agreement be further amended by
amending Exhibit A, and has provided Staff and the Board with the proposed amended
terms to Exhibit A; and
WHEREAS, the Board has received the report and recommendation of Staff regarding the
proposed amendment to the Agreement and is familiar with the proposal.
NOW THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority
in and for the City of Richfield, Minnesota as follows:
1. The Second Amendment is approved in substantially the form presented.
2. The Chair and Executive Director are authorized and directed to execute and deliver
the Second Amendment to Redeveloper, and to take all actions and do all things
reasonably necessary to accomplish the objectives of this resolution and the Second
Amendment.
Adopted this 16th day of April; 2007.
ATTEST:
CZJ~ c:rr~
Donna Drummond, Secretary
SECOND AMENDMENT
TO
. AGREEMENT REGARDING GRANT FUNDS
THIS AGREEMENT, made and entered into as this _ day of April, 2007, by and between
the Housing and Redevelopment Authority in and for the City of Richfield, a Minnesota public
body corporate and politic,(the "Authority") and Spider Development, 1.1.c., a Minnesota limited
liability company, (the Redeveloper") as assignee of the interests of the Gramercy Corporation, now
known as Cooperative Agen~y, Inc., a Minnesota corporation ("Gramercy").
RECITALS:
1. Redeveloper is developing a tract of land in the City of Richfield pursuant to a
Second Amended and Restated Contract for Private Redevelopment (the "Contract")
entered into on April 21, 2003 by and between Gramercy and the Authority.
2. The Authority and the Gramercy did as of February 1, 2005 enter into that certain
agreement entitled: Agreement Regarding Grant Funds involving the expenditure of
certain Metropolitan Council Metropolitan Livable Communities Grant funds; and .
did thereafter amend such agreement as of January 25,. 2007 (collectively the
"Agreement"): -,
3.
In consideration of the mutual covenants and agreements hereinafter contained, the
Agreement is hereby amended by amending Exhibit A thereof to the form of the
attached Exhibit A.
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4. In all other respects, the Agreement shall remain in full.force and effect according to
its terms.
Spider Development. L.L.C.. a Minnesota
limited Iiabilitv company
Housing and Redevelopment Authority in
and for the City of Richfield
By:
By:
Its:
Duncan C. Susee
President
Suzanne M. Sandahl
Its: Chair
and
By:
Steven 1. Devich
Its: Executive Director
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STATE OF MINNESOTA . )
. .. .m.. . ... Tss.
COUNTY OF HENNEPIN )
The foregoing instrument was acknowledged before me this ~ day of
, 2007, by Suzanne M. Sandahl, the Chair of The Housing and
Redevelopment Authority in and for the City of Richfield, Minnesota, a Minnesota public body
corporate and politic, on behalf of the authority.
Notary Public
STATE OF MINNESOTA )
) ss.
COUNTY OF HENNEPIN )
The foregoing instrument was acknowledged before. me this _ day of
, 2007, by Steven L. Devich, the Executive Director of The Housing and
Redevelopment Authority in and for the City of Richfield, Minnesota, a Miimesota public body
corporate and politic on behalf of the authority.
Notary Public
STATE OF MINNESOTA
COUNTY OF HENNEPIN
ss.:
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The foregoing instrument was acknowledged before me this day of
2007, by Duncan C. Susee, the President of Spider Development, L.L.C., a Minnesota limited
liability company; by and on behalf of said limited liability company.
Notary Public
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Exhibit A
Secund Amendme.nt Budget
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City Bella/Lake Shore Drive Improvements
Richfield, Minnesota
April 9, 2007 revision
Concept level cost estimate
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A
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rOlect omponent escrlPtion mount
A.. City .Bella Streetscape Addition of Lyndale Avenue $80,000.
improvements including benches and streetscape elements at City Bella
planters (wok-style) With irrigation Plaza
and electrical
B. City Bella lighting remediation Replacement of metal halide lighting .15,000
at building mounted lights and site '
lighting
C. Lyndale A venue' parking bay Removal of extended curb/sidewalk 6,000
correction and realignment of curb
Utility Box and Traffic signal Relocation of the three utility boxes 45,000
equipment relocation from the SW corner of 66th street and
- Lyndale. Ave., to behind the bus
shelter along 66th Street
Public art Installation of public art features at .80,000
City Bella {Lyndale Avenue and 66th
Street)
Bus stop relocation Relocate existing southbound bus 5,000
shelter from SW quadrant of 66th
Street and Lyndale Avenue to NW
quadrant of 66tl\ Street and Lvndale
Count-down crossing signals Replacement of crosswalk signals 20,000
that count down to traffic control
change; 8 signals per intersection,
three intersections
Signs Addition of directional signs for 2,506
parking and park
Awnings Installation of awnings on first floor 30,000
windows along 66th Street and
Lynda-Ie Avenue
Landscape at SW corner o( 66th Street Revise existing iandscape and 50,000
and Lyndale sidewalk area on corner to enhance
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artwork
Monument sign Install monument sign for City Belia 15,000
on Ly11dale at SW corner of 66th
Street and Lyndale
Flawole Install flagtiole with base 5,000
Miscellaneous items including Miscellaneous and iridependent items 10,000
moving existing lighting, sculpture of work
and flag lighting
Construction costs 363,500
Contingency at 20% 72,700
, Administration, design, engineering 85,000
at 20% -
Total Proiect costs $521,200
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