HomeMy WebLinkAboutResolution - HRA 1989-02 (2) - First Amended and Restated Property Management Agreement - Prairie Village - 10/17/1989 HRA RESOLUTION NO. 89_02
to AUTHORIZING EXECUTION AND DELIVERY OF THE
FIRST AMENDED AND RESTATED PROPERTY MANAGEMENT AGREEMENT BY AND
BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR
THE CITY OF EDEN PRAIRIE AND
PRAIRIE VILLAGE LIMITED PARTNERSHIP
WHEREAS, the Housing and Redevelopment Authority in and for
the City of Eden Prairie (the "Authority") and Prairie Village
Limited Partnership (the "Developer") have entered into a Project
Management Agreement (the "Agreement") regarding certain land for
private development in the City of Eden Prairie, Minnesota (the
"City") , upon which the Developer has agreed to develop a fifty-
six (56) unit multifamily housing project to be occupied by lower-
income senior persons; and
WHEREAS, the Authority and the Developer desire to amend the
Agreement by the execution and delivery of the First Amended and
Restated Project Management Agreement by and between the Authority
and the Developer (the "Restated Agreement") .
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF
EDEN PRAIRIE:
1. The form of the Restated Agreement presented to this
Board on or prior to the date hereof is hereby approved
and the Chairperson and Administrator are hereby
directed, upon the request of the Developer, to execute
the Restated Agreement on behalf of the Authority with
such modifications thereto, deletions therefrom and
additions thereto as may be necessary and appropriate.
The execution of the Restated Agreement by the
Chairperson and the Administrator shall be conclusive
evidence as to the approval of such document in
accordance with its terms.
2 . In the absence of any official hereby authorized to
execute the Restated Agreement, such instrument may be
executed by such other person who is otherwise permitted
by law to undertake the same.
Motion made by:
Seconded by:
Dated: October 17, 1989
224\STERLING\Execution.Res
ATTEST:
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