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HomeMy WebLinkAbout1991-09-09 HRA Regular Meeting • MINUTES OF THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY SEPTEMBER 9, 1991 ROLLCALL Answering rollcall were Commissioners Kelly, Paulus, Rice, Smith and Richards. CONSENT AGENDA ITEMS ADOPTED Motion was made by Commissioner Kelly and was seconded by Commissioner Rice to approve HRA Consent Agenda items as presented. Rollcall: Ayes: Kelly, Paulus, Rice, Smith and Richards. Motion carried. *MINUTES OF THE MEETING OF AUGUST 19, 1991 APPROVED Motion was made by Commissioner Kelly and was seconded by Commissioner Rice to approve HRA Minutes of August 19, 1991. Motion carried on rollcall vote, five ayes. RESOLUTION OF RELEASE AND SATISFACTION ADOPTED - OUTLOT C SOUTH EDINA DEVELOPMENT ADDITION (PARKLAWN AVENUE) Executive Director Hughes informed the HRA that in 1982, the City and the HRA entered into an agreement with Hedberg and Sons Company regarding special assessments for Parklawn Avenue. The agreement was entered into at the time of the construction of South Haven, a 100 unit low-income elderly building which is located on Parklawn Avenue. The • agreement provided that the HRA would pay the cost of the construction of Parklawn Avenue to serve the South Haven project without assessing Hedbergs. The agreement also provided that if Parklawn Avenue were extended in the future, Hedbergs would pay the full cost of the extension without assessment to the HRA or South Haven. Parklawn Avenue was extended in connection with the Centennial Lakes project, therefore, the terms of the 1982 agreement have been satisfied. The owners of Outlot C have requested a release and satisfaction of the agreement. Staff would recommend approval of the request. Commissioner Kelly introduced the following Resolution and moved its adoption: RESOLUTION OF RELEASE AND SATISFACTION WHEREAS, on March 19, 1982, the City of Edina ("Edina") , a municipal corporation of the State of Minnesota, the Housing and Redevelopment Authority of Edina, Minnesota ("HRA") , a body politic and corporate under the laws of the State of Minnesota, and Hedberg & Sons Co. ("Hedberg") , a Minnesota corporation, entered into an agreement, which agreement was executed by such parties and filed and recorded in the office of the County Recorder, Hennepin County, Minnesota, on March 29, 1982, as Document No. 4708006 (hereinafter the "Agreement") . WHEREAS, it is the intent of the parties, by this Satisfaction and Release, to release the land therein encumbered by the Agreement and each of the parties thereto from all obligations, duties, agreements and covenants contained in such Agreement. NOW, THEREFORE, in consideration of the premises, all parties hereto agree as follows: • • H.R.A. Minutes - 09/09/91 Page 2 1. Each of the undersigned parties hereby releases one another and the land encumbered therein from all obligations, duties, agreements and covenants made therein. 2. The parties hereto agree that all of the duties, obligations, agreements and covenants contained in the Agreement identified above and filed for record on March 29, 1982, as Document No. 4708006, in the office of the County Recorder of Hennepin County, Minnesota, are with the indebtedness thereby secured, fully paid and satisfied. Motion was seconded by Commissioner Rice. Rollcall: Ayes: Kelly, Paulus, Rice, Smith, Richards Resolution adopted. *CLAIMS PAID Notion was made by Commissioner Kelly and was seconded by Commissioner Rice to approve payment of the following claims as shown in detail on the Check Register dated 9/9/91, and consisting of one page totalling $45,935.88. Motion carried on rollcall vote, five ayes. There being no further business on the HRA Agenda,., Chairman is ds declared the meeting adjourned. E cutive Di e t I • II