HomeMy WebLinkAboutResolution No. 2007-121CITY OF COLUMBIA HEIGHTS
RESOLUTION N0.2007-121
Resolution Approving An Amended And Restated Contract For Private Redevelopment Between
The Columbia Heights Economic Development Authority, The City Of Columbia Heights And
Huset Park Development Corporation
BE IT RESOLVED By the City Council ("Council") of the City of Columbia 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 Huset Park Development Corporation (the
"Redeveloper") entered into a into a Contract for Private Redevelopment dated as of October 25,
2004 (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 parties have determined a need to modify the Contract in certain respects, and
have caused to be prepared an Amended and Restated Contract for Private Redevelopment (the
"Amended Contract").
1.04. The Council has reviewed the Amended 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 Amended 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 documents 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 Amended Contract and any documents referenced therein requiring execution by the City, and
to carry out, on behalf of the City its obligations thereunder.
Approved by the City Council of the City of Columbia Heights, Minnesota this 23`d day of
July, 2007.
Offered by: Diehm
Second: Kelzenberg
Roll Call: Ayes: Peterson, Williams, Diehm, Kelzenberg I~d~y: N
A
test:
atricia Muscovitz -City Clerk
L. P