15-11137r THE CITY OF RICHFIELD,MINNESOTA
RESOLUTION NO. 11137
RESOLUTION APPROVING AGREEMENTS WITH THE CITY OF RICHFIELD AND
INLAND DEVELOPMENT PARTNERS,LLC
WHEREAS,the City of Richfield,Minnesota(the"City")is the owner of certain property located
within the City (the "Properties") and intends to convey such Properties to the Housing and
Redevelopment Authority in and for the City of Richfield, Minnesota (the "Authority") by the end of
November 2015; and
WHEREAS, Inland Development Partners, LLC, a Minnesota limited liability company (the
"Developer") has proposed purchasing the Properties from the City and the Authority for the purpose of
developing an approximately 300 unit apartment building thereon(the"Project"); and
WHEREAS, prior to moving forward with the Project, the Developer has requested that its
consultants enter the Properties to conduct geotechnical testing, environmental assessments, and other
related studies and to conduct land surveys of the Properties to determine the suitability of the Properties
for the development of the Project; and
WHEREAS, the City has been presented with a Preliminary Development Agreement (the
"Preliminary Development Agreement")proposed to be entered into between the City, the Authority, and
the Developer, which sets forth the Developer's intentions and the conditions under which the Developer
will undertake the Project; and
WHEREAS, the City has also been presented with a Right of Entry Agreement (the "Right of
Entry Agreement") proposed to be entered into between the City, the Authority, and the Developer,
pursuant to which the City and the Authority will allow the Developer and its employees, consultants,
agents, and contractors to enter the Properties to conduct the proposed testing and studies; and
WHEREAS,the City has reviewed the Preliminary Development Agreement and the Right of Entry
Agreement and finds that the execution thereof by the City and performance of the City's obligations
thereunder are in the best interest of the City and its residents; and
NOW,THEREFORE,BE IT RESOLVED,by the City of Richfield,Minnesota as follows:
1. The Preliminary Development Agreement and the Right of Entry Agreement presented to
the City and on file with the City Manager are hereby in all respects approved, subject to modifications that
do not alter the substance of the transaction and that are approved by the Mayor and City Manager;provided
that execution of such documents by such officials shall be conclusive evidence of approval.
2. The Mayor and City Manager are hereby authorized to execute the Preliminary
Development Agreement and the Right of Entry Agreement on behalf of the City and to carry out on behalf
of the City the City's obligations thereunder.
Adopted by the City of Richfield,Minnesota this 27th day of October,2015.
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Debbie Goettel,Mayor
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