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• MINUTES <br /> OF THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY <br /> SEPTEMBER 9, 1991 <br /> ROLLCALL Answering rollcall were Commissioners Kelly, Paulus, Rice, Smith and <br /> Richards. <br /> CONSENT AGENDA ITEMS ADOPTED Motion was made by Commissioner Kelly and was <br /> seconded by Commissioner Rice to approve HRA Consent Agenda items as <br /> presented. <br /> Rollcall: <br /> Ayes: Kelly, Paulus, Rice, Smith and Richards. <br /> Motion carried. <br /> *MINUTES OF THE MEETING OF AUGUST 19, 1991 APPROVED Motion was made by <br /> Commissioner Kelly and was seconded by Commissioner Rice to approve HRA <br /> Minutes of August 19, 1991. <br /> Motion carried on rollcall vote, five ayes. <br /> RESOLUTION OF RELEASE AND SATISFACTION ADOPTED - OUTLOT C SOUTH EDINA <br /> DEVELOPMENT ADDITION (PARKLAWN AVENUE) Executive Director Hughes informed the <br /> HRA that in 1982, the City and the HRA entered into an agreement with Hedberg <br /> and Sons Company regarding special assessments for Parklawn Avenue. The <br /> agreement was entered into at the time of the construction of South Haven, a <br /> 100 unit low-income elderly building which is located on Parklawn Avenue. The <br /> • agreement provided that the HRA would pay the cost of the construction of <br /> Parklawn Avenue to serve the South Haven project without assessing Hedbergs. <br /> The agreement also provided that if Parklawn Avenue were extended in the <br /> future, Hedbergs would pay the full cost of the extension without assessment <br /> to the HRA or South Haven. Parklawn Avenue was extended in connection with <br /> the Centennial Lakes project, therefore, the terms of the 1982 agreement have <br /> been satisfied. The owners of Outlot C have requested a release and <br /> satisfaction of the agreement. Staff would recommend approval of the request. <br /> Commissioner Kelly introduced the following Resolution and moved its adoption: <br /> RESOLUTION OF RELEASE AND SATISFACTION <br /> WHEREAS, on March 19, 1982, the City of Edina ("Edina") , a municipal <br /> corporation of the State of Minnesota, the Housing and Redevelopment Authority <br /> of Edina, Minnesota ("HRA") , a body politic and corporate under the laws of <br /> the State of Minnesota, and Hedberg & Sons Co. ("Hedberg") , a Minnesota <br /> corporation, entered into an agreement, which agreement was executed by such <br /> parties and filed and recorded in the office of the County Recorder, Hennepin <br /> County, Minnesota, on March 29, 1982, as Document No. 4708006 (hereinafter the <br /> "Agreement") . <br /> WHEREAS, it is the intent of the parties, by this Satisfaction and Release, to <br /> release the land therein encumbered by the Agreement and each of the parties <br /> thereto from all obligations, duties, agreements and covenants contained in <br /> such Agreement. <br /> NOW, THEREFORE, in consideration of the premises, all parties hereto agree as <br /> follows: <br /> • <br />