HomeMy WebLinkAboutResolution - HRA 86-1 - Amendment to Property Managment Agreement for Prairie Village Apartment Project - 12/16/1986 CITY OF EDEN PRAIRIE
HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION NO. 86-1
APPROVING AMENDMENT TO THE PROPERTY MANAGEMENT AGREEMENT FOR THE PRAIRIE VILLAGE
APARTMENT PROJECT AND AUTHORIZING THE CHAIRMAN AND ADMINISTRATOR OF THE HOUSING AND
REDEVELOPMENT AUTHORITY TO EXECUTE SAID AMENDED AGREEMENT
WHEREAS, the Housing and Redevelopment Authority of the City of Eden Prairie (HRA)
and Prairie Village Limited Partnership (Developer) have engaged in the
redevelopment of an elderly housing project known as Prairie Village Apartments in
an area of the City located at the northeast corner of the intersection of T. H. #5
and County Road #4; and,
WHEREAS, the HRA and Developer have entered into a Property Management Agreement
subject to terms and conditions listed therein; and,
WHEREAS, both parties desire to amend the terms and conditions of said Property
Management Agreement as indicated in Exhibit A, attached hereto, and made a part
hereof; and,
WHEREAS, the HRA has reviewed the amendments to said Property Management Agreement
for the redevelopment of said elderly housing project;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE HOUSING AND REDEVELOPMENT AUTHORITY OF
THE CITY OF EDEN PRAIRIE AS FOLLOWS:
1. That the amendments to the Property Management Agreement as
indicated in Exhibit A, attached hereto are hereby approved; and,
2. That the Chairman and Administrator of the HRA are hereby authorized
and directed to execute said amendments to the Property Management
Agreement on behalf of the HRA.
ADOPTED this 16th day of December, 1986.
/
ary D et&lsoe Chairman Carl J. Ju 'e, Ad inistrator
Housing and Redevelopment Housing and edevelopment
Authority of the City of Eden Prairie Authority 0
the City of Eden Prairie