1996-61435
HRA RESOLUTION NO: 6t4
RESOLUTION AUTHORIZING EXECUTION OF A
CERTIFICATE OF COMPLETION FOR CSM
CORPORATION PHASE II
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 Agreement required the HRA to furnish the
Developer with a Certificate of Completion upon completion of the Phase II construction
in accordance with Concept Plans; and
WHEREAS, the Agreement establishes the form for the Certificate of Completion
in Exhibit 6; and
WHEREAS, staff has found the improvements to be in accordance with the
terms of the Agreement except for those included with the attached Letter of
Undertaking.
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority that the Executive Director and HRA Chair are directed to execute the Phase
II Certificate of Completion and Letter of Undertaking and deliver same to the
Developer.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 16th day of December,1996.
Thomas E. Harms, Chair
ATTEST:
Vern Luettinger, Se tary
Exhibit B HRA Resolution No.614
CERTIFICATE OF COMPLETION
The undersigned hereby certifies that CSM INVESTORS, INC. , a Minnesota
corporation, has fully and completely complied with its obligations under Article IV
of that documents entitled "Contract for Private Development," dated Apri129, 1994,
between THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOA THE CITY
OF RICHFIELD and CSM CORPORATION, a Minnesota corporation with respect to
construction of the Improvements located on the tract of land described in the
attached Exhibit A in accordance with the requirements of such document and is
released and forever discharged from its obligations to construction the
Improvements under such above-referenced Article on the above-referenced tract.
DATED : 1995 HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD
By
Its Executive Director