HomeMy WebLinkAbout1985-184 CCRMember Rich Theis introduced the following resolution and moved
its adoption:
RESOLUTION NO. 85 -184
RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF A
NEGOTIATION AGREEMENT
0
WHEREAS, the HRA desires to promote development with the Earle Brown Farm
Redevelopment Project Area in accordance with the Redevelopment Plan and Tax
Increment Finance Plan approved by the Brooklyn Center City Council on July 22, 1985
(Resolution No. 85 -135); and
WHEREAS, a proposal has been submitted by Developer proposing the
construction of a senior citizen residential complex together with related
facilities (Project); and
WHEREAS, HRA and Developer are willing and desirous to undertake the
development of the Project if (i) a satisfactory agreement can be reached for the HRA
and the City's commitment for the public improvements hereinafter specified, (ii)
satisfactory mortgage and equity financing for the Project can be secured, (iii)
specific design of the facility and agreements concerning the use and management of
adjacent properties can be resolved by the parties, and (iv) the economic
feasibility and soundness of the Project and other necessary preconditions have
been confirmed to the satisfaction of the parties.
Partnership.
October 7, 1985��
Date
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn
Center to Authorize the Mayor and the City Manager to Execute a Negotiation
Agreement between the City of Brooklyn Center, the Housing and Redevelopment
Authority in and for the City of Brooklyn Center and Earle Brown Commons
ATTEST:
e W Clerk
voted in favor thereof: Dean Nyquist, Celia Scott, Bill Hawes,
Mayor/,/
The motion for the adoption of the foregoing resolution was duly
by member Bill Hawes and upon vote being taken thereon,
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
seconded
the following
and Rich Theis;