88-02 HRA Resolution
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Resolution 88-2
June 14, 1988
Commissioner Thompson introduced the following resolution and moved its adoption:
RESOLUTION CONDITIONALLY DESIGNATING DEVELOPER OF
A PORTION OF NORTH WIRTH PARKWAY REDEVELOPMENT AREA
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Golden Valley (hereinafter "HRN') and the City Council of the City of Golden
Valley (hereinafter "City") have approved the amendment to the North Wirth
Parkway Redevelopment Plan;
WHEREAS, the HRA has reviewed various proposals from developers for the
portion of the North Wirth Parkway Redevelopment Area lying in the northeast
quadrant of the intersection of Highways 100 and 55; and
WHEREAS, the HRA has reviewed the proposal of Lincoln Property Company
E.C.W., Inc. and it is satisfied that its proposal with some modifications meets
the needs and objectives of the HRA;
NOW, THEREFORE, BE IT RESOLVED, by the HRA that:
1. It hereby conditionally designates Lincoln Property Company E.C.W., Inc.
as the developer of the land in the North Wirth Parkway Redevelopment Area lying
in the northeast quadrant of the intersection of Highways 100 and 55 on the
conditions that (a) it meet all requirements of the City and HRA including, but
not limited to, all building, zoning and planned unit development requirements
in addition to requirements for a development agreement; and (b) it negotiate
and enter into a satisfactory development agreement with the HRA and which meets
all requirements of the HRA. Designation of Lincoln Property Company E.C.W.,
Inc. is not to be construed as binding on the HRA and the HRA may withdraw its
designation of Lincoln Property Company E.C.W., Inc. at any time.
2. It hereby authorizes the HRA staff to negotiate a development agreement
with Lincoln Property Company E.C.W., Inc. for the land in the North Wirth
Parkway Redevelopment Area lying in the northeast quadrant of the intersection
of Highways 100 and 55 in the City of Golden Valley.
RaY~~air'
ATTEST:
e adoption of the foregoing resolution was seconded by
Commissioner Ba ken and upon a vote being taken thereon, the following voted
in favor thereof: Anderson, Bakken, Stockman and Thompson; and the following
was absent: Johnson; and the following voted against the same: none, whereupon
said resolution was declared duly passed and adopted, signed by the Chair and
his signature attested by the Director.