HomeMy WebLinkAbout1985-10-19 The Edina Partnership Resolution'CMWdoc91
10/19/85
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PARTNERSHIP RESOLUTION
The Edina Partnership
The undersigned, being all of the general partners of
The Edina Partnership, a Minnesota general partnership ("Partner-
ship"), hereby adopt the following action in writing pursuant to
the Minnesota Uniform Partnership Act and the Partnership Agree-
ment of The Edina Partnership dated January 1, 1984:
BE IT RESOLVED, that the Partnership confirm and ratify
the execution and delivery by the Partnership of the Land Sale
Agreement and Contract for Private Redevelopment between East
Edina Housing Foundation and The Edina Partnership ("Foundation
Contract"), dated August 1, 1985, as amended through the date
hereof, and the Exhibit thereto.
AND BE IT FURTHER RESOLVED, that the Partnership trans-
fer and assign to Edinborough Corporate East Limited Partnership,
a Minnesota limited partnership, all its right, title and inter-
est in the Office Development, pursuant to Section 14.1 of the
Foundation Contract, and transfer and assign to Edinborough
Condominium Partnership, a Minnesota general partnership, all its
right, title and interest in the Condominium Development, pursu-
ant to Section 15.1 of the Foundation Contract, and transfer and
assign to Edina Park Plaza Associates Limited Partnership, an
Illinois limited partnership, all its right, title and interest
in the Elderly Housing Development, pursuant to Section 13.2 of
the Foundation Contract;
AND BE IT FURTHER RESOLVED, that the Partnership
execute and deliver any and all instruments and documents needed
in connection with the closing with East Edina Housing Foundation
and the Housing and Redevelopment Authority of Edina, Minnesota,
of the transactions contemplated in the Foundation Contract and
the "HRA Contract" (as defined therein), and, notwithstanding any
provision of the Partnership Agreement which may be or appear to
be the contrary, that any one general partner of the Partnership
be duly authorized to execute any of said instruments and docu-
ments. The execution of any instrument or document by any one of
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10/19/85
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the partners below -named shall be conclusive evidence of the
authority of said partner to execute and deliver the same.
Dated: Ocke44 23, i't J' THE EDINA PARTNERSHIP
BY: York Edina Partnership, a general
partner
By: Winfield Developments, Inc.
BY:
BY:
By: / ^,.c..---� !J•«^ra
Richard V. Martens
Its Vice President
A general partner in York
Edina Partnership
By: Laukka, Inc.
Its Preeidcfit itC • ��
A general partner in York
Edina Partnership
By: P. E. Jarvis, Inc.
By:
Peter E.
Its Pres
Jarvi
dent
A genera partner in York
Edina Partnership
1 1
Henr Hya , a general partner
Shel n L. Baskin, a general
partner
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10/19/85
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BY:
BY:
Thomas W. LaSalle, a general
partner
niel N. Epstein, a general
partner