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Home My WebLink About1982-020 HRARMember Celia Scott introduced the following resolution and moved its adoption: RESOLUTION NO. 82-20 RESOLUTION APPROVING AGREEMENT WITH BRUTGER COMPANIES, INC. WHEREAS, the Housing and Redevelopment Authority in and for the City of Brooklyn Center, Minnesota (the "Authority") is currently negotiating a contract with Brutger Companies, Inc., a Minnesota corporation, (the "Developer") pursuant to which the Authority will agree to convey certain property (the "Property") within the City of Brooklyn Center to the Developer and the Developer will agree to construct thereon certain improvements including a rental apartment building with approximately sixty-five units, a condominium development with approximately seventy-three units and a townhouse development with approximately thirty-two units (the "Project"); and WHEREAS, in order to facilitate the sale of the existing homes within the City of Brooklyn Center (the "City") of persons who choose to purchase condominium units in the Project, the City will enter into an agree- ment (the "Resale Commitment") with the Developer to commit to the Developer certain of the funds available for qualified single family mortgage loans under the City of Brooklyn Center, City of Columbia Heights, City of Moorhead, and The Housing and Redevelopment Authority in and for the City of Robbinsdale, Minnesota Single Family Loan Program; and WHEREAS, the Authority desires to enter into the agreement attached hereto as Exhibit A pursuant to which the Authority agrees to reimburse the Developer for the Commitment Fee paid by the Developer in certain circumstances as set forth in such agreement. NOW, THEREFORE the Housing and Redevelopment Authority in and for the City of Brooklyn Center, Minnesota resolves as follows: 1. That the agreement attached hereto as exhibit A is hereby approved: and 2. That the Chairman of the Board of Commissioners and the Executive Director of the Authority are hereby authorized to execute such agreement in substantially the form of Exhibit A. December 27, 1982 Date 4n2,~ ChairmThe motion for the adoption of the foregoing resolution was duly seconded by member Bill Hawes , and upon vote being taken thereon, the following voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, Bill Hawes, and Rich Theis; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.