HomeMy WebLinkAbout2021-12 EDARCommissioner Ran introduced the following resolution and moved its adoption:
EDA RESOLUTION NO. 2021-12
RESOLUTION APPROVING THE CERTIFICATE OF COMPLETION OF PROJECT
WHEREAS, the ECONOMIC DEVELOPMENT AUTHORITY OF BROOKI,YN
CENTER, MINNESOTA a public body corporate and politic organized under the laws of the State
of Minnesota (the 'EDA"), and Brooklyn Center AH I, LLLP, a Minnesota limited liability limited
Partnership (the "Developer") have entered into a TIF Assistance Agreement (the "TIF Assistance
Agreement"), dated July 22, 2019; and
WHEREAS, the TIF Assistance Agreement requires the Developer to construct a Project (as
that term is defined in the TIF Assistance Agreement);
WHEREAS, the Developer has constructed the Project in a manner deemed sufficient by the
EDA to permit the execution of this certification in accordance with Section 3.9 of the TIF
Assistance Agreement,
NOW, THEREFORE, this is to certify that the Developer has constructed the Project in
accordance with the TIF Assistance Agreement. The remaining covenants of the Developer under
the TIF Assistance Agreement are not intended to run with title to the Development Property or
bind successors in title to the Development Propeliy.
July_ 26, 2021
Date
President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Lawrence -Anderson
and upon vote being taken thereon, the following voted in favor thereof:
Butler, Elliott, Lawrence -Anderson, Ryan
and the following voted against the same: None
whereupon said resolution was declared duly passed and adopted.
590021v2BR291-400