06-9745r
RESOLUTION NO. 9745
RESOLUTION APPROVING CONCEPT PLANS
CEDAR POINT REDEVELOPMENT PROJECT
WHEREAS, on or about July 27,2005, the Housing and Redevelopment Authority
in and for the City of Richfield (the "Authority") and Ryan Companies US, Inc. ("Ryan")
entered into a Contract for Private Development (the "Contract") calling for the
redevelopment of certain tracts of land all as fully described in the Contract; and
WHEREAS, one of the preconditions to the Authority's obligations to transfer
parcels of land to Ryan was the approval, by the City Council of a Concept Plan as that
term was defined in the Contract, and subject to the process provided for therein for
approval; and
WHEREAS, Ryan has worked closely with HRA and City staff in the development of
a Concept Plan for the Cedar Point Area; and
WHEREAS, a draft of the Concept Plan was reviewed at a concurrent meeting of
the Richfield City Council, the Authority and the Richfield Planning Commission on
February 27,2006; and
WHEREAS, following the concurrent meeting the Concept Plan was further refined,
and has now been presented to the City Council along with a report of staff and a
recommendation that the Concept Plan be approved; and
WHEREAS, the City Council has now reviewed the proposed Concept Plan, a copy
of which is on file in the office of the Community Development Department of the City of
Richfield, the report and recommendation of staff, and is fully informed as to such matters.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota, as follows:
1. The Concept Plan meets the requirements of the Contract, and is therefore approved.
Adopted by the City Council of the City of Richfield, Minnesota this 28th day of March,
2006.
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Martin J. Ki ayor
ATTEST:
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Nancy Gibbs, C . Clerk