1993-49262
RESOLUTION NO. 492
RESOLUTION APPROVING DECLARATION OF EASEMENTS
AND COVENANTS WITH RICHFIELD STATE AGENCY, INC.
WHEREAS, the Housing and Redevelopment Authority in and for
the City of Richfield, Minnesota (the "Authority") has properly
created and is administering its Redevelopment District (the
"District") pursuant to Minn. Stat. Chapter 469 in an effort to
encourage the development and redevelopment of certain
designation areas within the City of Richfield; and
WHEREAS, among the development activities proposed to be
assisted by the Authority in the District include the development
of a medical office facility; and
WHEREAS, there has been approved by the Authority a Contract
for Private Redevelopment ("Contract") among the Authority and
Richfield State Agency, Inc. ("RSA") setting forth the parties
respective responsibilities in developing the medical office
facility; and
WHEREAS, the Contract requires that the Authority and RSA
enter into a Declaration of Easements and Covenants
("Declaration") and that the same be executed by the parties and
filed of record by RSA; and
WHEREAS, the Authority has reviewed the proposed Declaration
and finds that the execution of the same would be in furtherance
of the orderly development of the District.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority as follows:
1. The Declaration is in all respects APPROVED and shall be
attached to the Contract as Schedule D.
2. The Chairperson and Executive Director are authorized, once
the Contract has been executed by all parties, to execute the
Declaration and deliver the same to RSA for recording.
Adopted by the Housing and Redevel nt Authority in and
for the City of Richfield, Minnesota is 20th ~y ~Of
December 1993. /
E.
ATTEST : .::._.... - ----_._ ~.--
Vern Luet inger,~Se tary