97-01 HRA Resolution
.
.
.
..,'",.....::
NOT ACTED UPON
Resolution 97-1
January 11, 1997
Commissioner
introduced the following resolution and moved its adoption:
RESOLUTION TERMINATING THE REVOCABLE DESIGNATION OF
SHERMAN ASSOCIATES, INC.
AS DEVELOPER OF A PORTION OF AREA A-1 OF THE
VALLEY SQUARE REDEVELOPMENT AREA
WHEREAS, the Housing and Redevelopment Authority in and for the City
of Golden Valley (hereinafter "HRA") on November 14, 1995, adopted Resolution
95-10 conditionally designating Sherman Associates, Inc. (hereinafter
"Sherman") as developer of a portion of Area A-1 of the Valley Square
Redevelopment Area (5.5 acres in the Western portion); and
WHEREAS, on October 8,1996 said designation was renewed through
the adoption of Resolution 96-3; and,
WHEREAS, said resolutions reserved the right for the HRA to rescind the
designation at any time in its sole and absolute discretion; and,
WHEREAS, the HRA now wishes to rescind said designation.
NOW, THEREFORE, BE IT RESOLVED by the HRA that it hereby
rescinds the revocable designation of Sherman Associates, Inc. as developer of
the western portion of the Area A-1 Redevelopment Area.
Gloria Johnson, Chair
ATTEST:
William S. Joynes, Director
Motion for the adoption of the foregoing resolution was seconded by
Commissioner and upon a vote taken thereon, the following voted in favor
thereof: ; and the following voted against the same: ,whereupon said
resolution was declared duly passed and adopted, signed by the Chair and her
signature attested by the Director.