10-12 Resolution No. 11890RESOLUTION NO. 11890
RESOLUTION APPROVING AMPHITHEATER AGREEMENT
WITH BENEFACTOR BREWING LLC
WHEREAS, on August 16, 2021, the Housing and Redevelopment Authority in and for
the City of Richfield, Minnesota (the "Authority") adopted a resolution approving a Contract for
Private Development (the "Contract") between the Authority and Benefactor Brewing LLC, a
Minnesota limited liability company (the "Developer"); and
WHEREAS, the Contract provides that the Authority may reimburse the Developer for a
portion of its costs associated with acquiring certain property within the Richfield
Redevelopment Project (the "Redevelopment Project") in the maximum aggregate amount of
$500,000 in the form of a forgivable loan (the "Loan") in order to achieve the objectives of the
Redevelopment Project and to make the Minimum Improvements, as defined in the Contract,
economically feasible for the Developer to construct; and
WHEREAS, pursuant to Section 3.5 of the Contract, the Authority may forgive the Loan
over a period of five (5) years if, among other things, the Developer allows the City of Richfield,
Minnesota (the "City") or the Authority to use the amphitheater adjacent to the Minimum
Improvements as described in Section 3.6 of the Contract (the "Terms of Use"); and
WHEREAS, the City's Terms of Use have been detailed in an Amphitheater Agreement
(the "Agreement") between the Developer and the City, a form of which has been presented to
the City Council.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Richfield,
Minnesota as follows:
The Agreement is hereby in all respects authorized, approved, and confirmed, and
the Mayor and the City Manager are hereby authorized and directed to execute the
Agreement for and on behalf of the City 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 Mayor and the City manager are hereby authorized to execute and deliver to the
Developer any and all documents deemed necessary to carry out the intentions of
this resolution and the Agreement.
3. This resolution shall be in full force and effect as of the date hereof.
Adopted by the City Council of the City of Richfield, Minnesota this 12th day of October,
2021.
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Maria Regan Gonzalez, Mayor
ATTEST:
Kari Sinning, City Clerk