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HomeMy WebLinkAbout2009-010 EDAR1 1 1 Commissioner Tim Roche moved its adoption: EDA RESOLUTION NO. 2009 -10 introduced the following resolution and RESOLUTION AUTHORIZING EXECUTION OF A FIRST AMENDMENT TO REAL ESTATE OPTION AGREEMENT WHEREAS, the Economic Development Authority in and for the City of Brooklyn Center, Minnesota (the `EDA and the United States of America, acting by and through the U.S. General Services Administration (the "GSA have heretofore entered into a Real Estate Option Agreement (the "Option Agreement providing for the EDA's conveyance of certain real property to GSA for the purpose of constructing office space containing approximately 162,000 square feet of rentable space with a future onsite parking facility structure having a minimum of 200 spaces (the "Project within the City of Brooklyn Center, Minnesota (the "City and WHEREAS, the GSA has assigned its right and interest in the Option Agreement to Barry Minneapolis, LLC (the "Developer and WHEREAS, the EDA and the Developer desire to amend the Option Agreement pursuant to a First Amendment to Real Estate Option Agreement (the "Amendment to extend the term of the option granted in the Option Agreement. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, as follows: 1. The EDA hereby approves the Amendment in substantially the form submitted, and the President is hereby authorized and directed to execute the Amendment on behalf of the EDA. 2. The approval hereby given to the Amendment includes approval of such additional details therein as may be necessary and appropriate and such modifications thereof, deletions therefrom and additions thereto as may be necessary and appropriate and approved by the EDA authorized by this resolution to execute the Amendment. The execution of the Amendment by the appropriate officer or officers of the EDA shall be conclusive evidence of the approval of the Amendment in accordance with the terms hereof. June 8, 2009 .,4<./02/i Date President The motion for adoption of the foregoing resolution was duly seconded by commissioner Kay Lasman and upon a vote being taken thereon, the following voted in favor thereof: Tim Willson, Kay Lasman, Tim Roche, Dan Ryan, and Mark Yelich; and the following voted against same: none; whereupon said resolution was declared passed and adopted.