HomeMy WebLinkAboutResolution 95-43CITY OF COLUMBIA
RESOLT~TIO~ 9S- 43
I~ESOLUTZONTOAPPROVETHECOHTRACTFOR pRIVATE DEVELOPMENTBYANDAMONGTHEHOUSINGAND
RBDEV'BLOPMEHT AUTHORITY IN AND FOR THE CITY OF COLUMBIA HEIGHTS, MINNESOTA, THE CITY
OF COLUMBIA HEIGHTS, MIHNESOTA AND ROBERT C. BARNIC:E AND PRISCIT~ A. BAR)TICK, D/B/A
METRO ASSEMBLIES, A SOLE PROPRIETORSHIP (TH~ "DL'V~LOPMENT CONTRACT").
WHEREAS, Robert C. Barnick and Priscilla A. Barnick, d/b/a Metro Assemblies, a
sole proprietorship (the -Developer") has proposed to develop certain property within
the Multi-Use Redevelopment Project area (the "Project") in the City; and
WHEREAS, the Developer and the City of Columbia Heights (the "City") entered into
that certain "Exclusive Negotiation Agreement" dated May 8, 1995; and
WHEREAS, the Developer and the City of Columbia Heights (the "City") agreed to
use their best efforts to attempt to negotiate and formulate a definitive Development
Contract which is to contain the terms and conditions for the Housing and Redevelopment
Authority's acquisition and sale of such lands within the Project to the Developer (the
-Development Property") and the terms and conditions for the Developer to undertake and
complete the renovation and expansion of a 5,000-square foot office/warehouse facility
(the "Minimum Improvements"); and
WHEREAS, the City authorized the preparation of the proposed Development Contract
for review and approval by the City and Authority Board of Commissioners and the
Developer; and
WHEREAS, the Authority Board of Commissioners did review and approve the
Development Contract at the Authority's meeting held on July 18, 1995.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Columbia
Heights as follows=
1. The Development Contract is approved and the City Council
agrees to execute the Development Contract and carry out the
City's obligations thereunder subject to the closing and
transfer of title to the Development Property to be conveyed
to the Developer by Quit claim Deed pursuant to the terms of
this Development Contract.
2. The City Manager and Authority's Executive Director are
authorized to make only non-material corrections to the final
Development Contract for execution by the proper City and ~
Authority officials on behalf of the City and Authority at the
closing and transfer of title to the Development Property.
Approved by the City Council of the City of Columbia Heights this 24th day of July,
1995.
Passed this 24t~ . day of July
Offered by:
Seconded by:
Roll Call=
Ruettimann
Peterson
Ayes:
Nays:
/~-Anne Student, Councl~z~ecre Y
tess12
, 1995.
Jolly, Petkoff, Ruettimann, Petersoni Sturdevant
None
y ~y6~ Joseph Sturdevant