1994-50979
HRA RESOLUTION NO. 509
RESOLUTION OF THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
AMENDING CONTRACT FOR PRIVATE REDEVELOPMENT
WITH CSM CORPORATION
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 designated
areas within the City of Richfield; and
WHEREAS, among the development activities proposed to be
assisted by the Authority in the District involve the development
of retail-commercial facilities; and
WHEREAS, the Authority did on April 11, 1994 approve a
Contract for Private redevelopment ("Contract") between the
Authority and CSM Corporation, setting forth the parties respective
responsibility in developing retail-commercial facilities; and
WHEREAS, CSM Corporation has requested that the Authority
consider and approve certain amendments to the contract; and
WHEREAS, the Authority has reviewed the requested amendments
and finds them to be reasonable and appropriate and in the best
interest of the City and its residents.
NOW, THEREFORE, HE IT RESOLVED by the Housing and
Redevelopment Authority in and for the City of Richfield,
Minnesota:
1. That the form of amended contract showing all additions
and deletions hereby in all respects is approved, subject to
insubstantial modifications which may be subsequently approved by
the Board Chair and the Authority's legal counsel.
2. That the proper Authority officers are hereby authorized
to execute the Contract as amended on behalf of the Authority and
to carry out, on behalf of the Authority, the Authority's
obligations thereunder.
Adopted by the Housing and Redevelopm nt Authority in and for
the City of Richfield, Minnesota this~2y'v~day of Apri~ 1994.
ATTEST:
Vern uettinger, cretary
Thomas"E. Harms, Chairp