1995-571141
HRA RESOLUTION N0.571
RESOLUTION AUTHORIZING EXECUTION OF A
CERTIFICATE OF COMPLETION FOR CSM CORPORATION
PHASEI
WHEREAS, the Housing and Redevelopment Authority entered into an
Agreement with CSM Corporation (Developer), a Minnesota business corporation,
dated April 11, 1994, pursuant to and in furtherance of the ILN Redevelopment Project
heretofore adopted by the City and the Richfield Housing and Redevelopment
Authority; and
WHEREAS, the Agreement obligated the Developer to construct certain
improvements to property identified in that Agreement; and
WHEREAS, Section 4.7 of the Agreemen# required the HRA to furnish the
Developer with a Cerkificate of Completion upon completion of the Phase I construction
in accordance with Concept Plans; and,
WHEREAS, the Agreement establishes the form for the Certificate of Completion
in Exhibit B; and
WHEREAS, staff has found the improvements to be in accordance with the
terms of the Agreement.
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority that the Executive Director and HRA Chair are directed to execute the Phase 1
Certificate of Completion and deliver same to the Developer.
Adopted by the Housing and Redevelopment Author'. in and for the City of
Richfield, Minnesota this 18th day of December, 1995
Thomas E. Harms, Chair
ATTE T:
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Vern Luettinger, Secr