HomeMy WebLinkAbout1984-012 HRARMember Bill Hawes introduced the following resolution and
moved its adoption:
RESOLUTION NO. 84-12
RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF
AMENDMENT NO. 1 TO THE CONTRACT FOR PRIVATE REDEVELOPMENT
WITH BRUTGER COMPANIES, INC.
WHEREAS, The Housing and Redevelopment Authority in and for the
City of Brooklyn Center, Minnesota (the "Authority") in accordance with Resolution
No. 83-10, adopted on April 11, 1983, has entered into a Contract for Private
Development dated June 21, 1983, (the "Contract") with Brutger Companies,
Inc. (the "Developer"), which contract in relevant part provided for the
construction by the Developer of a 73-unit residential condominium development
(the "Development"); and
WHEREAS, the Authority and the Developer desire to amend the Contract
in the manner set forth in Exhibit A attached hereto in order that the Developer
may obtain project approval from the Veterans Administration of the United
States Government, which approval will enhance the ability of purchasers of
individual condominium units in the Development to obtain financing.
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of
The Housing and Redevelopment Authority in and for the City of Brooklyn Center,
Minnesota:
That Amendment No. 1 to the Contract for Private Development by
and between the Authority and Brutger Companies, Inc. in
substantially the form attached hereto as Exhibit A, is hereby
approved, and the Chair and the Executive Director of the Authority
are hereby authorized to execute such amendment on behalf of the
Authority.
August 20, 1984
Date ChafrmaV /
The motion for the adoption of the foregoing resolution was duly seconded
by member Rich Theis and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Gene Lhotka, Bill Hawes,
and Rich Theis;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
1
AMENDMENT NUMBER 1
THIS AMENDMENT NUMBER 1 (the "Amendment") to the Contract for
Private Development (the "Agreement") dated June 21, 1983, by and between The
Housing and Redevelopment Authority in and for the City of Brooklyn Center,
Minnesota (the "Authority") and Brutger Companies, Inc. (the "Developer") is made
as of the day of August, 1984, by and between the Authority and the
Developer.
In consideration of the mutual promises hereinafter made in this
Amendment, the Authority and the Developer agree as follows:
1. Subsection (e) of Section 3.6 of the Agreement is hereby deleted in
its entirety.
2. Except as amended pursuant to the provisions of this Amendment
Number 1, the Agreement is hereby ratified and confirmed.
IN WITNESS WHEREOF, the Authority has caused this Amendment to be
duly executed in its name and on its behalf and has caused its seal to be hereunto
duly affixed and the Developer has caused this Amendment to be duly executed in
its name and on its behalf as of the date second above written.
THE HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE CITY
OF BROOKLYN CENTER, MINNESOTA
By/- ~ c -
And By
BRUTGER COMPANIES, INC.
By
Its