HomeMy WebLinkAbout1985-013 HRARMember Celia Scott introduced the following resolution and moved
its adoption:
HRA RESOLUTION NO. 85-13
RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF A
NEGOTIATION AGREEMENT
WHEREAS, the HRA desires to promote development with the Earle Brown Farm
Redevelopment Project Area in accordance with the Redevelopment Plan and Tax
Increment Finance Plan approved by the Brooklyn Center City Council on July 22, 1985
(Resolution No. 85-135); and
WHEREAS, a proposal has been submitted by Developer proposing the
construction of a senior citizen residential complex together with related
facilities (Project); and
WHEREAS, HRA and Developer are willing and desirous to undertake the
development of the Project if (i) a satisfactory agreement can be reached for the HRA
and the City's commitment for the public improvements hereinafter specified, (ii)
satisfactory mortgage and equity financing for the Project can be secured, (iii)
specific design of the facility and agreements concerning the use and management of
adjacent properties can be resolved by the parties, and (iv) the economic
feasibility and soundness of the Project and other necessary preconditions have
been confirmed to the satisfaction of the parties.
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority
to Authorize the Chairman and the Executive Director to Execute a Negotiation
agreement between the City of Brooklyn Center, the Housing and Redevelopment
Authority in and for the City of Brooklyn Center and Earle Brown Commons
Partnership.
October 7, 1985
Date Chair T
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, Celia Scott, Bill Hawes, and Rich Theis;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.