HomeMy WebLinkAboutResolution - HRA 2008-04 - Approving 1st Amended Development Agreement Town Center Phase 1 TIF District 21 - 09/02/2008 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
HOUSING AND REDEVELOPMENT AUTHORITY
H.R.A.RESOLUTION NO. 2008-04
RESOLUTION APPROVING A FIRST AMENDED DEVELOPMENT AGREEMENT
RELATING TO TOWN CENTER PHASE ONE TAX INCREMENT FINANCING
DISTRICT#21 LOCATED WITHIN REDEVELOPMENT PROJECT AREA NO.6
BE IT RESOLVED by the Board of Commissioners (the "Board") of the Housing and Redevelopment
Authority in and for the City of Eden Prairie,Minnesota(the"Authority"), as follows:
Section 1. Recitals.
1.01. On December 19, 2007 the Authority adopted a modification to the Redevelopment Plan for
Redevelopment Project Area No. 6, established Town Center Phase One Tax Increment Financing District#21
and adopted a Tax Increment Plan (the "TIF Plan") therefor, all pursuant to and in conformity with applicable
law,including Minnesota Statutes, Sections 469.174 to 469.1799,all inclusive, as amended.
1.02 On September 4, 2007 the Authority approved the Development Agreement by and between
The Housing and Redevelopment Authority in and for the City of Eden Prairie and Windsor Plaza, LLC(the
"Development Agreement').
1.02 The Authority is now presented for consideration and approval a First Amended Development
Agreement between the Authority and Windsor Plaza, LLC (the "Development Agreement") which incorporates
into the legal description of the property subject to the Development Agreement, a Registered Land Survey
approved by the City of Eden Prairie.
Section 2. Approval of Development Agreement
2.01 The Authority hereby approves the First Amended Development Agreement between the
Authority and Windsor Plaza, LLC in substantially the form presented to and on file with the Authority and
authorize the Chairperson and Executive Director to execute the Development Agreement in the name of the
Authority.
Adopted by the Housing and Redevelopment Authority in and for the City of Eden Prairie, Minnesota,
this 2nd day of September, 2008.
By: (mv .
Phil oung, Chairpe o
Attest: SEAL
Sc6ft YHNeal,tExecuTive