HomeMy WebLinkAboutResolution No. 2008-138CITY OF COLUMBIA HEIGHTS
RESOLUTION N0.2008-138
FIRST AMENDMENT TO THE AMENDED AND RESTATED CONTRACT FOR
PRIVATE REDEVELOPMENT
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 Central Business District Revitalization Plan ("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 on August 1, 2007 agreed and entered into an Amended and Restated
Contract for Private Redevelopment.
1.04. The parties have determined a need to Amend the August 1, 2007 agreement, as
stated in 1.03 and therefore has caused a need to prepare a First Amendment to the Amended and
Restated Contract for Private Redevelopment (the ``Amended Contract").
1.05 On June 16, 2008 the Authority approved the Amended Contract.
1.06. 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.
SJB-2~3352v1
CL205-23
Approved by the City Council of the City of Columbia Heights, Minnesota this 23`d day of
June 2008.
f~ffered By: Kelzenberg
Second By: Diehm
Roll Call: Ayes: Peterson, Nawrocki, Diehm, Kelzenberg Absent: Williams
Mayor Gary L. Peterson
ATTEST:
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Patricia Muscovitz, CIVIC
City Clerk
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