Loading...
HomeMy WebLinkAbout1996-012 EDAR1 1 Commissioner Kri sten Mann introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 96 -12 RESOLUTION APPROVING CONTRACT FOR PRIVATE REDEVELOPMENT WITH SUNLITE PROPERTIES 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 an office and warehouse facility, commonly referred to as the Sunlite Properties Project; and WHEREAS, there has been presented before the Authority a form of Contract for Private Redevelopment "Contract between the Authority and Sunlite Properties, Inc., setting forth the parties' respective responsibilities in developing the Sunlite Properties Project; and WHEREAS, the Authority has reviewed the Contract and finds 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 Board of Commissioners of 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 are approved by the President and Executive Director, provided 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. March 25, 1996 Date The motion for the adoption of the foregoing resolution was duly seconded by commissioner Kathleen Carmody and upon vote being taken thereon, the following voted in favor thereof: Myrna Kragness, Kristen Mann, Debra Hilstrom, and Kathleen Carmody; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.