01-15 HRA Resolution No. 1322 HRA RESOLUTION NO. 1322
RESOLUTION APPROVING THE EXECUTION AND DELIVERY OF A RIGHT OF ENTRY
AGREEMENT WITH CEDAR POINT INVESTMENTS LLC
WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota (the "Authority") owns certain real property located within the City of Richfield,
Minnesota (the "Authority Property"); and
WHEREAS, pursuant to a Contract for Private Development, dated September 17, 2018
(the "Contract"), between the Authority and Cedar Point Investments LLC, a Minnesota limited
liability company or any assigns approved by the Authority (the "Developer"), the Developer has
agreed to acquire certain real property located within the City of Richfield, Minnesota (the
"Development Property") and to construct (i) approximately 80 affordable owner-occupied
townhomes; (ii) two parking stalls per unit of owner-occupied housing; and (iii) necessary public
infrastructure, including streets and utilities (the "Minimum Improvements") on the Development
Property, all subject to the conditions set forth in the Contract; and
WHEREAS, the Authority has proposed to provide the Developer with the right to enter the
Authority Property for construction staging purposes to facilitate the development of the Minimum
Improvements on the Development Property; and
WHEREAS, there has been presented before this Board of Commissioners of the Authority
a form of Right of Entry Agreement (the "Right of Entry Agreement") proposed to be entered into
between the Authority and the Developer, pursuant to which the Authority will grant the Developer
the right to enter the Authority Property as necessary for construction staging purposes to facilitate
the development of the Minimum Improvements on the Development Property, subject to the terms
and conditions provided therein; and
NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the Housing
and Redevelopment Authority in and for the City of Richfield, Minnesota as follows:
1. The Right of Entry Agreement is hereby in all respects authorized, approved, and
confirmed, and the Chair and the Executive Director are hereby authorized and directed
to execute the Right of Entry Agreement for and on behalf of the Authority in
substantially the form now on file with the Community Development Director but with
such modifications as shall be deemed necessary, desirable, or appropriate, the
execution thereof to constitute conclusive evidence of their approval of any and all
modifications therein.
2. The Chair and the Executive Director are hereby authorized to execute and deliver any
and all documents deemed necessary to carry out the intentions of this resolution.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota this 15th day of January, 2019.
‘frif7 Z4al_
, Chair
, ecretary