HomeMy WebLinkAboutResolution No. 2004-56CITY OF COLUMBIA HEIGHTS
RESOLUTION NO. 2004-56
RESOLUTION APPROVING A CONTRACT FOR PRIVATE
REDEVELOPMENT BETWEEN THE COLUMBIA HEIGHTS ECONOMIC
DEVELOPMENT AUTHORITY, THE CITY OF COLUMBIA HEIGHTS AND
SCHAFER RICHARDSON, INC OR A RELATED ENTITY
BE IT RESOLVED By the City Cottncil ("Council") of the City of Colmnbia Heights,
Minnesota ("City") as follows:
Section 1. Recitals.
1.01. The Columbia Heights Economic Development Authority ("Authority") has
determined a need to exercise the powers of a housing and redevelopment authority, pursuant to
Minnesota Statutes, Sections. 469.090 to 469.108 ("EDA Act"), and is currently administering the
Downtown CBD RedevelOPment Project ("Redevelopment Project") pursuant to Minnesota
Statutes, Sections 469.001 to 469.047 ("HRA Act").
1.02. The Authority, the City and Schafer Richardson, Inc. or a related entity (the
"Redeveloper") have proposed to enter into a into a Contract for Private Redevelopment (the
"Contract"), setting forth the terms and conditions of redevelopment of certain property within the
Redevelopment Project, generally located east of University Avenue and south and west of Huset
Park.
1.03. The Council has reviewed the Contract and finds that the execution thereof and
performance of the City's obligations thereunder are in the best interest of the City and its residents.
Section 2. City Approval; Further Proceedings.
2.01. The Contract as presented to the Council is hereby in all respects approved, subject
to modifications that do not alter the substance of the transaction and that are approved by the
Mayor and City Manager, provided that execution of the docmnents .by such officials shall be
conclusive evidence of approval.
2.02. The Mayor and City Manager are hereby authorized to execute on behalf of the City
the Contract and any documents referenced therein requiring execution by the City, and to carry out,
on behalf of the City its obligations theretmder.
Dated this 27~n day of September 2004.
Offered by:
Seconded by:
Roll Call:
Ericson
Kelzenberg
Ayes: Wyckoff, Williams, Ericson, Kelzenberg
Nay: Nawrocki
ATTES~F:~ - ,~
Pafflcia Muscovitz, CMC
Deputy City Clerk/Council Secretary
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