98-05 HRA Resolution
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Resolution 98-5 July 14, 1998
Commissioner LeSuer introduced the following and moved its adoption:
RESOLUTION CONDITIONALLY DESIGNATING
SEBESTA BLOMBERG & ASSOCIATES AS
DEVELOPER OF A PORTION OF THE
NORTH WIRTH PARKWAY REDEVELOPMENT AREA
(Lot 1, Block 1, North Wirth Parkway 5th Addition)
WHEREAS, the HRA in and for the City of Golden Valley (hereinafter "HRA")
and the City Council for the City of Golden Valley (hereinafter "City") have approved
the North Wirth Parkway Redevelopment Plan as amended; and
WHEREAS, Sebesta Blomberg & Associates is interested in developing a
portion of the North Wirth Parkway Redevelopment Area by constructing an office
building of at least 30,000 sq. ft. ("the project"); and
WHEREAS, the HRA wishes to conditionally designate Sebesta Blomberg &
Associates developer of Lot 1, Block 1, North Wirth Parkway 5th Addition.
NOW, THEREFORE, BE IT RESOLVED, by the HRA as follows:
. 1. Sebesta Blomberg & Associates is hereby conditionally designated developer
of Lot 1, Block 1, North Wirth Parkway 5th Addition.
2. The HRA understands that Sebesta Blomberg & Associates will undertake all
planning and development efforts to construct the project on such property, and
Sebesta Blomberg & Associates understands that it will have to meet the requirements
of the HRA and City and that it will enter into a negotiated development agreement with
the HRA, which development agreement shall contain terms satisfactory to the HRA
and Sebesta Blomberg & Associates.
3. The designation contained in this resolution is not an offer or an agreement
to sell the development property, or the grant of an option or any other interest in the
development property. The HRA reserves the right to rescind the designation at any
time in its sole and absolute discretion. Subject to the foregoing, the HRA agrees to
commence negotiation of the development agreement with Sebesta Blomberg &
Associates until such time as it determines to terminate such negotiations in its sole
and absolute discretion.
4. This designation is effective as of the date hereof and shall automatically
terminate and be of no force or effect at such time as the development agreement
between Sebesta Blomberg & Associates and the HRA is executed by both parties, or
. November 1, 1998, whichever occurs earlier.
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Resolution 98-5
July 14, 1998
ATTEST:
Motion for the adop on of the foregoing resolution was seconded by Commissioner
Micks; and upon a vote taken thereon, the following voted in favor thereof: Anderson,
Johnson, LeSuer and Micks; and the following voted against the same: none; and the
following was absent: Bakken; whereupon said resolution was declared duly passed
and adopted, signed by the Chair and her signature attested by the Director.