99-01 HRA Resolution
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Resolution 99-1
January 5, 1999
Commissioner LeSuer introduced the following and moved its adoption:
RESOLUTION CONDITIONALLY DESIGNATING
THE ROTTLUND COMPANIES, INC.
AS DEVELOPER OF A PORTION OF
VALLEY SQUARE REDEVELOPMENT AREA
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 Valley Square Redevelopment Plan as adopted on July 1 0, 1978
and amended from time to time; and
WHEREAS, The Rottlund Companies, Inc., doing business as David
Bernard Builders & Developers, is interested in developing a portion of the
Valley Square Redevelopment Area B by constructing a mixed use project of for-
sale and rental townhomes, for-sale stacked flats, and office/retail facilities ("the
project"); and
WHEREAS, THE Rottlund Companies plans to affiliate with another entity
to develop the retail/office portion of the project, to cooperate with Common
Bond Communities on the development of affordable rental townhomes, and to
have its own entity, David Bernard Builders & Developers develop the For-Sale
Housing; and
WHEREAS, the HRA wishes to conditionally designate The Rottlund
Companies, Inc., developer of that part of the Valley Square Redevelopment
Area bounded by Golden Valley Rd.on the south, Bassett Creek on the north,
Winnetka Avenue on the east, and Wisconsin Avenue on the west.
NOW, THEREFORE, BE IT RESOLVED, by the HRA as follows:
1. The Rottlund Companies, Inc. is hereby conditionally designated
developer of that part of the Valley Square Redevelopment Area bounded by
Golden Valley Rd. on the south, Bassett Creek on the north, Winnetka Avenue
on the east, and Wisconsin Avenue on the west.
2. The HRA understands that The Rottlund Companies, Inc. will
undertake all planning and development efforts to construct the project on such
property, and The Rottlund Companies, Inc. 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 The Rottlund Companies, Inc.
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Resolution 99-1
January 5, 1999
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 The Rottlund Companies, Inc. 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 The Rottlund Companies, Inc. and the HRA is
executed by both parties, or April 30, 1999, whichever occurs earlier.
ATTEST:
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Motion for tlie adoption of the foregoing resolution was seconded by
Commissioner Bakken and upon a vote taken thereon, the following voted in
favor thereof: Anderson, Bakken, Johnson, LeSuer and Micks; and the following
voted against the same: none, whereupon said resolution was declared duly
passed and adopted, signed by the Chair and her signature attested by the
Director.
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