08-1032r
HRA RESOLUTION NO. 1032
EXTENDING THE PRELIMINARY AGREEMENT
WITH TOLD DEVELOPMENT COMPANY
WHEREAS, TOLD Development Company (TOLD) and the Richfield Housing
and Redevelopment Authority (HRA) entered into a Preliminary Agreement
(Agreement), April 16, 2007; and
WHEREAS, the Agreement is set to expire February 20, 2008; and
WHEREAS, in paragraph 4 of the Agreement provision is made for extension of
the Agreement; and
WHEREAS, TOLD and the HRA desire to extend the Agreement for an .additional
nine-months or until November 17, 2008; and
WHEREAS, the purpose of the extension is for the parties to evaluate the status
of activities, and report to the HRA at its February 2008 meeting regarding the
appropriateness of any further extensions.
NOW THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority that the Agreement is hereby extended until November 17,2008.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 19th day of February, 2008.
ATTEST:
J