06-966r
HRA RESOLUTION NO. 966
AMENDMENT NUMBER 1 - CONTRACT FOR PRIVATE REDEVELOPMENT RYAN
COMPANIES US, INC.
WHEREAS, Ryan Companies US, Inc. (Developer) executed a Contract for
Private Development (Contract) with the Richfield Housing and Redevelopment
Authority (HRA) on July 27,2005; and
WHEREAS, the Contract requires the Developer to submit Concept Plans to the
HRA and City Council for their review and approval no later than 180 days after the
execution date of the Contract; and
WHEREAS, the 180 day submittal deadline expires January 23, 2005; and
WHEREAS, due to the complexity of the project and working with two major
tenants, the Developer will be unable to meet the submittal date for Concept Plan
review and approval; and
WHEREAS, the Developer has requested the HRA to extend submittal date for
the Concept Plans 60 days until March 24, 2006.
NOW, THEREFORE, BE IT RESOLVED that the Housing and Redevelopment
Authority in and for the City of Richfield hereby approves Amendment No. 1 to the
Contract and extends the Concept Plans submittal date 60-days, until March 24, 2006.
Approved by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 17th day of January, 2006
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e M. Sandahl Chair
ATTEST:
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Donna M. Drummond
Secretary