HomeMy WebLinkAboutResolution No. 2000-079 Grandview Contract for Redevelopment/HRA & Grandview Sq w9�NA, 1,1, RESOLUTION NO. 2000-79
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RESOLUTION RELATING TO GRANDVIEW AREA
REDEVELOPMENT PROJECT; APPROVING EXECUTION OF City Of Edina
CITY ASSURANCES RELATED TO CONTRACT FOR
PRIVATE REDEVELOPMENT BETWEEN EDINA HOUSING
AND REDEVELOPMENT AUTHORITY AND GRANDVIEW
SQUARE, L.L.C.
BE IT RESOLVED by the City Council (the "Council") of the City of Edina,
Minnesota(the"City"), as follows:
Section 1. Recitals.
1.01. Grandview Area Redevelopment Project and Tax Increment Financing Plan.
The Edina Housing and Redevelopment Authority (the "HRA") has approved a redevelopment
plan, as defined in Minnesota Statutes, Section 469.002, subdivision 16, designated as
Grandview Area Redevelopment Plan (the "Redevelopment Plan"), and a redevelopment project
to be undertaken pursuant thereto, as defined in Minnesota Statutes, Section 469.002, subdivision
14, designated as the Grandview Area Redevelopment Project(the"Redevelopment Project").
• 1.02. Redevelopment Contract and City Assurances. In connection with the
Redevelopment Project, it has been proposed that the HRA enter into a Contract for Private
Redevelopment (the "Redevelopment Contract"), with Grandview Square, L.L.C. (the
"Redeveloper"), the form of which has been presented to this Council. The Redevelopment
Contract provides for the execution and delivery by the City of the City Assurances (the "City
Assurances") in the form attached to the Redevelopment Contract.
Section 2. Approvals.
2.01. Approval of City Assurances. The form the City Assurances is hereby
approved, and the execution and delivery by the City of the City Assurances is hereby authorized.
The Mayor and City Manager are hereby authorized and directed on behalf of the City to execute
and deliver the City Assurances and the other agreements provided for in the Redevelopment
Contract to be executed and delivered by the City (the "Other Agreements") in substantially the
form presented hereto with such changes and modifications as may be approved by the officers
executing the City Assurances. The execution and delivery of the City Assurances and the Other
Agreements by the Mayor and the City Manager shall be conclusive evidence of the approval of
any changes and modifications to the City Assurances and the Other Agreements by such
officers.
Passed by the Council this 15th day of August, 2000.
ATTEST
City Clerk � Mayor
City Hall (952) 927-8861
4801 WEST 50TH STREET FAX(952)826-0390
EDINA,MINNESOTA 55424-1394 TDD(952)826-0379
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I,the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the attached and
foregoing Resolution was duly adopted by the Edina City Council at its Regular Meeting of August 15, 2000, and as
recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of ,20_
City Clerk