HomeMy WebLinkAbout2002-009 EDAR1
Commissioner Tim Ricker introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO.
2002 -09
RESOLUTION AMENDING DEVELOPMENT AGREEMENT BY AND BETWEEN
ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER AND
JOHNCO LLC
WHEREAS, the Economic Development Authority of Brooklyn Center approved
a Development Agreement with Johnco LLC (Agreement) on February 12, 2002; and
WHEREAS, Section 3.10(c) (vii) of the Agreement specifies that "Delivery to the
Authority of the Letter of Credit required by Section 4.11 hereof;"
Agreement.
WHEREAS, Section 4.11 of the Agreement was intentionally deleted from the
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center, Minnesota as follows:
June 1
1. Section 3.10(c) (vii) of the Agreement is hereby deleted from the
Agreement.
2. The EDA Executive Director is hereby authorized to execute the
Agreement as amended on behalf of the Economic Development Authority
of Brooklyn Center.
0, 2002
Date President
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Kay Lasman and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kay Lasman, Ed Nelson, Bob Peppe, and Tim Ricker;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.