08-1033r
HRA RESOLUTION NO. 1033
EXTENDING THE PRELIMINARY AGREEMENT
WITH UNITED BANKER'S BANK
WHEREAS, United Banker's Bank (UBB) 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, the HRA desires to extend the Agreement until April 22, 2008,
subject to approval by representativ.es of UBB.
WHEREAS, the purpose of the extension is for the parties to evaluate the status
of activities and determine if it is the desire of both parties to continue the Agreement
further.
NOW THEREFORE, BE IT RESOL,. VED by the Housing and Redevelopment
Authority that the Agreement is hereby extended, subject to approval by representatives
of UBB, until April 22, 2008.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 19th day of February, 2007.
ATTEST:
Jl.
n Heimberger, Secretary