HomeMy WebLinkAbout1998-010 EDARCommissioner Kathleen Carmody introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 98 -10
RESOLUTION APPROVING CONTRACT PRIVATE REDEVELOPMENT WITH
BOULEVARD SHOPPES, LLC
WHEREAS, the Economic Development Authority in and for the City of Brooklyn
Center (the "Authority") is administering its Housing Development and Redevelopment Project No.
1 (the "Project pursuant to Minnesota Statutes, Sections 469.001 to 469.047 in an effort to
encourage the development of certain designated areas within the City; and
WHEREAS, among the activities proposed to be assisted by the Authority in the
Project is the development of a retail commercial facility commonly referred to as the Boulevard
Shoppes Project; and
WHEREAS, there has been presented before the Authority a form of Contract for
Private Redevelopment "Contract between the Authority and Boulevard Shoppes, LLC setting
forth the parties' respective responsibilities in developing the Boulevard Shoppes Project; and
WHEREAS, the Authority has reviewed the Contract and finds that the execution of
the same and the Authority's performance of its obligations thereunder are in the best interest of the
City and its residents.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority
in and for the City of Brooklyn Center as follows:
1. The Contract, as presented to the Authority, is hereby in all respects
approved, subject to modifications that do not alter the substance of the
transaction and that are approved by the President and Executive Director,
provided that execution of the Contract by such officials shall be conclusive
evidence of their approval.
2. The President and Executive Director are hereby authorized to execute the
Contract on behalf of the Authority and to carry out, on behalf of the
Authority, the Authority's obligations thereunder.
June 8, 1998
Date
President
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Robert Peppe and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kathleen Carmody, Kay Lasman, and Robert Peppe;
and the following voted against the same: Debra Hilstrom
whereupon said resolution was declared duly passed and adopted.