15-38 - 05-05 - Assignment & Assumption with J-HAP Resolution 15-38 May 5, 2015
Member Clausen introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING APPROVAL OF ASSIGNMENT AND ASSUMPTION
AGREEMENT WITH JEWISH HOUSING AND PROGRAMMING (J-HAP)
WHEREAS, the City Council of the City of Golden Valley, through execution of a
Joint Cooperation Agreement with Hennepin County, is cooperating in the Urban Hennepin
County Community Development Block Grant Program; and
WHEREAS, the City of Golden Valley has previously approved Jewish Housing and
Programming (J-HAP) for funding from the 2013 and 2014 Urban Hennepin County
Community Development Block Grant Program; and
WHEREAS, J-HAP, upon finalizing the purchase of the properties at 9300 and 9310
Golden Valley Road will be assigning ownership to CHDC Cornerstone Creek LLC; and
WHEREAS, the City must agree to the assignment so that the sale of the properties
can continue.
BE IT RESOLVED, that the City Council hereby authorizes and directs the Mayor
and the City Manager to execute the Assignment and Assumption Agreement and any
other required Third Party Agreements on behalf of the City to assign ownership to CHDC
Cornerstone Creek LLC.
Shep rd M. Harris, Mayor
ATTEST:
Krist ne A. Luedke, City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member Fonnest
and upon a vote being taken thereon, the following voted in favor thereof: Harris, Snope,
Fonnest, Clausen and Schmidgall and the following voted against the same: none
whereupon said resolution was declared duly passed and adopted, signed by the Mayor
and his signature attested by the City Clerk.