95-01 HRA Resolution
.
.
.
Resolution 95-1
January 3, 1995
Commissioner Russell introduced the following resolution and moved its adoption:
RESOLUTION TERMINATING THE REVOCABLE DESIGNATION OF
TWINCORP MASTER DISTRIBUTORS, INC.
AS DEVELOPER OF LOT 1, BLOCK 1, NORTH WIRTH PARKWAY 4TH ADDITION
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Golden Valley (hereinafter "HRA") on August 9, 1994, authorized entering with
Twi ncorp Master Di stri butors, Inc. ("Twi ncorp") into a "Desi gnati on and
Reimbursement Agreement" which revocably designated Twincorp developer for Lot
1, Block 1, North Wirth Parkway 4th Addition; and
WHEREAS, the HRA has worked since that time to negotiate terms of the sale
of the property; and
WHEREAS, negotiations have now reached an impasse.
NOW, THEREFORE, BE IT RESOLVED by the HRA that it hereby terminates the
revocable designation of Twincorp Master Distributors, Inc. as developer of Lot
1, Block 1, North Wirth Parkway 4th Addition.
~m~t.~
The motion for t e adoption of the foregoing resolution was seconded by
Commissioner J nson and upon a vote being taken thereon, the following voted
in favor there : Johnson, Micks, Russell, Thompson and Tremere; 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.