10-21 HRA Resolution No. 1341 HRA RESOLUTION NO. 1341
RESOLUTION APPROVING FIRST AMENDMENT TO CONTRACT FOR PRIVATE
DEVELOPMENT WITH ENDRES CUSTOM HOMES, INC.
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota (the "Authority"), entered into a Contract for Private Development,
dated July 15, 2019 (the "Contract"), with Endres Custom Homes, Inc. (the "Developer"),
pursuant to which the Developer agreed to purchase certain real property located at
6812 Emerson Lane South from the Authority and construct a five single family homes
on the property; and
WHEREAS, the Authority and the Developer propose to amend certain terms of
the Original Agreement, including but not limited to extending the closing date,
commencement date for construction, and completion date for the Minimum
Improvements; and
WHEREAS, the Board has reviewed the Amendment and finds that the
execution thereof by the Authority and the performance of the Authority's obligations
thereunder are in the best interest of the City and its residents; and
NOW, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment
Authority in and for the City of Richfield:
1. The Amendment is hereby in all respects authorized, approved, and confirmed,
and the Chairperson and the Executive Directed are hereby authorized and
directed to execute the Amendment 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 o constitute conclusive evidence of their approval of any
and all modifications therein.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 21st day of October, 2019.
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Mary B. Supple, Chair
ATTEST:
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