HomeMy WebLinkAbout1986-09-08 HRA Regular Meeting MINUTES
EDINA HOUSING AND REDEVELOPMENT AUTHORITY
• SEPTEMBER 8, 1986
Answering rollcall were Commissioners Bredesen, Kelly, Richards, Turner and
Courtney.
MINUTES of the HRA Meeting of August 18, 1986, were approved as submitted by
motion of Commissioner Richards, seconded by Commissioner Kelly.
Ayes: Bredesen, Kelly, Richards, Turner, Courtney
Motion carried.
CONVEYANCE OF PHASE V EDINBOROUGH CONDOMINIUMS APPROVED. Executive Director
Gordon Hughes recommended approval of the conveyance of Phase V Edinborough
Condomiums for development at this time. Commissioner Richards introduced the
following resolution and moved its adoption:
RESOLUTION RATIFYING AND AFFIRMING THE EXECUTION
OF VARIOUS OTHER DOCUMENTS
BE IT RESOLVED by the Board of Commissioners of the Housing and Redevelopment
Authority of Edina, Minnesota (the "HRA") , as follows:
1. Recitals. The HRA and the Edina City Council have previously approved a
redevelopment plan, as defined in Minnesota Statutes, Section 462.421, sub-
division 15, designated as the Southeast Edina Redevelopment Plan (the "Plan") .
Acting pursuant to the Plan, the HRA has acquired certain land in the area
included in the Plan and it has been proposed that the HRA sell and transfer a
portion of such land to the East Edina Housing Foundation (the "Foundation") ,
pursuant to a Land Sale Agreement by and between the HRA and the Foundation
(the "Agreement") . By a resolution adopted May 6, 1985, the HRA approved the
• form of the Agreement and authorized the Chairman and Secretary or Assistant
Secretary of the HRA to execute and deliver the Agreement on behalf of the
HRA with such modifications as are deemed appropriate and approved by the attorney
for the HRA and the Executive Director of the HRA. Pursuant to such authorization
the Chairman and Secretary of the HRA have executed and delivered the Agreement
to the Foundation. In connection with the transactions contemplated by the
Agreement there has been prepared and submitted to the HRA a Land Sale Agreement
and Contract for Private Redevelopment for Condominium Development Phase V, by
and between HRA, the Foundation and Edinborough Condominium Partnership (the
"Phase V Agreement") .
2. Authorization for Execution and Delivery of Documents. The terms and provi-
sions of the Phase V Agreement is hereby approved subject to such modifications
as are deemed appropriate and approved by the attorney for the HRA and the
Executive Director of the HRA, which approval shall be conclusively evidenced
by the execution of such documents by the Chairman and Secretary or Assistant
Secretary of the HRA. The Chairman and Secretary or Assistant Secretary of the
HRA are directed to execute such documents as so modified. The Chairman and
Secretary or Assistant Secretary of the HRA are also authorized and directed to
execute such other instruments as may be required to accomplish the transaction
contemplated by such documents including, but not limited to, any amendments or
supplements to the Agreement, and such other agreements as may be necessary to
accomplish the transactions contemplated by the Agreement, as amended. The
execution of such documents and of any such amendments, supplements or agreements
by the Chairman and the Secretary or Assistant Secretary of the HRA shall be
conclusive evidence of the approval of such documents by the HRA in accordance
• with this Resolution.
Dated as of the 8 d of pt m , 1986.
Attest: hairman
Executive Director
H.R.A. Minutes of 9/8/86
Page Two
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The motion for the adoption of the foregoing resolution was duly seconded
by Commissioner Kelly, and upon vote being taken thereon, the following voted
in favor thereof:
Bredesen, Kelly, Richards, Turner, Courtney
and the following voted against the same:
None
whereupon said resolution was declared passed and adopted and was signed by
the Chairman and his signature attested by the Executive Director.
There being no further business on the HRA Agenda, the meeting was adjourned by
motion of Commissioner Turner, seconded by Commissioner Richards, Mo n carried.
Go don L. Hughes
Executive Direct
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