111824 Resolution 1492HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION NO. 1492
RESOLUTION APPROVING THE EXECUTION OF THE FRIST AMENDMENT DECLARATION OF
COVENANTS, RESTRICTIONS, AND EASEMENTS BETWEEN
THE HRA OF THE CITY OF RICHFIELD
AND BRIXMOR SPE 1 LLC
WHEREAS, on July 31, 1991, the HRA and Bradley Real Estate Trust ("Bradley"), as
predecessor in interest to Brixmor, entered into a Declaration of Covenants, Restrictions and
Easements (the "Original Declaration") and, whereby the HRA and Bradley set forth certain
restrictions for a project related to the financing and redevelopment of certain property within
the City of Richfield; and
WHEREAS, the Original Declaration set forth that no owner of all or part of the Property
may change the parking configurations within the Common Area without the prior written
consent of the HRA; and
WHEREAS, the financing for the redevelopment of the property has long since expired
and the HRA no longer has an interest in the parking configuration; and
WHEREAS, Brixmor has requested that the HRA amend the Original Declaration to
remove the HRA approval requirement of such changes to the Common Area;
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 "First Amendment to the Declaration of Covenants, Restrictions and
Easements between the HRA of the City of Richfield and Brixmor SPE 1 LLC" presented to the
Board and on file with the staff of the Authority is hereby in all respects approved, subject to
modifications that do not alter the substance of the transaction and that are approved by the Chair
and Executive Director; provided that execution of such document by such officials shall be
conclusive evidence of approval.
2. The Chair and Executive Director are hereby authorized to execute the First
Amendment to the Declaration of Covenants, Restrictions, and Easements on behalf of the
Authority and to carry out the Authority's obligations thereunder.
3. Brixmor shall record the First Amendment to the Declaration of Covenants,
Restrictions, and Easements with the County and provide proof of having done so to the City.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota this 18th day of November, 2024. /
Erin Vriezg banie]0 Chair
Sean Hayford Oleary, Secretary