06-971r
HRA RESOLUTION NO. 971
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 Authority 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 Authority along with a report
of staff and a recommendation that the Concept Plan be approved; and
WHEREAS, the Authority 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 Housing and
Redevelopment Authority in and for the City of Richfield, Minnesota as follows:
1. The Concept Plan meets the requirements of the Contract, and is therefore
approved.
2. The Executive Director is directed to forward the approved Concept Plan to
the Richfield City Council for its consideration.
Adopted by the Housing and Redevelopment Authority in and for the City
of Richfield, Minnesota this 20th day of March, 2006.
ATTEST:
9J:~ ~~/
Donna Drummond, Secretary