HomeMy WebLinkAboutResolution - HRA 99-4 - Contract for Private Redevelopment - EP Mall - 12/21/1999 . CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO.HRA 99-4
RESOLUTION AUTHORIZING EXECUTION AND
DELIVERY OF A CONTRACT FOR PRIVATE
REDEVELOPMENT BY AND BETWEEN THE HOUSING
AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF EDEN PRAIRIE, MINNESOTA AND EDEN
PRAIRIE MALL L.L.C.
BE IT RESOLVED by the Board of Commissioners (the "Commissioners") of the Housing and
Redevelopment Authority in and for the City of Eden Prairie, Minnesota (the "Authority") as
follows:
Section 1. Recitals.
1.01. It has been proposed that the Authority enter into a Contract For Private Redevelopment(the
• "Contract")with Eden Prairie Mall L.L.C. (the"Redeveloper").
• Section 2. Findings.
2.01. The Authority hereby finds that it has approved and adopted a redevelopment plan known as the
Redevelopment Plan for its Redevelopment Project No. 5 (the "Redevelopment Plan")pursuant
to Minnesota Statutes, Section 469.001 et seq.
2.02. The Authority hereby finds that it has created and adopted and the City Council has approved
Tax Increment Financing District No. 13 and the Authority and City Council have adopted and
approved the Tax Increment Financing Plan relating thereto pursuant to Minnesota Statutes,
Sections 469.174 through 469.179,inclusive, as amended and supplemented from time to time.
2.03. The Authority hereby finds that the Contract promotes the objectives as outlined in its
Redevelopment Plan.
Section 3. Authorizations.
3.01. The Chairman and the Executive Director of the Authority (the "Officers") are hereby
authorized to execute and deliver the Contract when the following condition is met:
• The Contract to be executed substantially conforms to the Contract presented
to the Authority as of this date with such additions and modifications as those
Officers may deem desirable or necessary as evidenced by the execution
thereof.
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3.02. Upon execution and delivery of the Contract,the Officers and employees of the Authority
are hereby authorized and directed to take or cause to be taken such actions as may be
necessary on behalf of the Authority to implement the Contract.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN
AND FOR THE CITY OF EDEN PRAIIDE,NIINNESOTA THIS 21ST DAY OF DECEMBER,
1999.
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