HomeMy WebLinkAbout2007-012 EDAR1
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its adoption:
Commissioner Kay Lasman introduced the following resolution and moved
EDA RESOLUTION NO. 2007 -12
EDA RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF
AN AMENDMENT TO THE DEVELOPMENT AGREEMENT BETWEEN
THE ECONOMIC DEVELOPMENT AUTHORITY AND BROOKLYN
CENTER HOTEL PARTNERS, LLC
WHEREAS, the Economic Development Authority of Brooklyn Center,
Minnesota (the "EDA has heretofore entered into a Development Agreement (the
"Development Agreement between the EDA, the City of Brooklyn Center (the "City and
Brooklyn Hotel Partners, LLC, a Minnesota limited liability company (the "Developer in
connection with the Developer's proposed construction of a hotel development in the City (the
"Project
WHEREAS, the EDA has caused to be prepared an Amendment to Development
Agreement (the "Amendment between the EDA and the Developer providing for, among other
things, a later extended closing date for the purchase and construction of phase one of the
development, and making certain changes to an easement agreement attached as an exhibit to the
Development Agreement (the "Easement Agreement
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center as follows:
Section 1. The Board of Commissioners hereby approves the Amendment to
Development Agreement, including the attached Parking, Access and Pedestrian Link Easement
Agreement attached thereto, in substantially the forms submitted, and the Executive Director is
hereby authorized and directed to execute the Amendment to Development Agreement and
Easement Agreement on behalf of the EDA.
July 23, 2007
Date
President
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Mark Yelich
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Kay Lasman, Dan Ryan, and Mark Yelich;
and the following voted against the same: Mary 0' Connor;
whereupon said resolution was declared duly passed and adopted.