98-01 HRA Resolution
Resolution 98-1
March 11, 1998
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Commissioner Micks introduced the following resolution and moved its adoption:
RESOLUTION TERMINATING THE REVOCABLE DESIGNATION OF
CSM CORPORATION
AS DEVELOPER OF A PORTION OF THE
GOLDEN HILLS REDEVELOPMENT AREA
WHEREAS, the Housing and Redevelopment Authority in and for the City
of Golden Valley (hereinafter "HRA") on July 9, 1996, adopted Resolution 96-2
conditionally designating CSM Corporation (hereinafter "CSM") as developer of
approximately 12 acres of the central portion of the Golden Hills Redevelopment
Area; and
WHEREAS, on December 11, 1996 said designation was renewed
through the adoption of Resolution 96-4; 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, negotiations with CSM have broken down and the HRA now
wishes to rescind said designation.
.
NOW, THEREFORE, BE IT RESOLVED by the HRA that it hereby
rescinds the revocable designation of CSM Corporation as developer of
approximately 12 acres of the central portion of the Golden Hills Redevelopment
Area.
ATTEST:
Motion for the doption of the foregoing resolution was seconded by
Commissioner Anderson, and upon a vote taken thereon, the following voted in
favor thereof: Anderson, Bakken, Johnson, and Micks; and the following voted
against the same: none; and the following was absent: LeSuer; whereupon said
resolution was declared duly passed and adopted, signed by the Chair and her
. signature attested by the Director.