99-10 HRA Resolution
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Resolution 99-10
July 13, 1999
Commissioner Anderson introduced the following and moved its adoption:
RESOLUTION CONDITIONALLY DESIGNATING
THE HAUGLAND COMPANY
AS DEVELOPER OF A PORTION OF
THE NORTH WIRTH REDEVELOPMENT AREA
WHEREAS, the Haugland Company is interested in developing a portion
of the North Wirth Redevelopment Area by constructing an office/warehouse
facility up to 54,000 square feet ("the project"); and
WHEREAS, the HRA wishes to conditionally designate the Haugland
Company developer of that part of the North Wirth Redevelopment Area which
includes Outlot D of the North Wirth Parkway 4th Addition, the former Juhl
Brokerage site and the remainder of the property acquired from Georgia Pacific
(now Tenneco), following the construction of Dahlberg Drive.
NOW, THEREFORE, BE IT RESOLVED, by the HRA as follows:
1. The Haugland Company is hereby conditionally designated developer
of that part of the North Wirth Redevelopment Area which includes Outlot D of
the North Wirth Parkway 4th Addition, the former Juhl Brokerage site and the
remainder of the property acquired from Georgia Pacific (now Tenneco),
following construction of Dahlberg Drive.
2. The HRA understands that the Haugland Company will undertake all
planning and development efforts to construct the project on such property, and
the Haugland Company 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 Haugland Company.
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 Haugland Company until such time as it determines to
terminate such negotiations in its sole and absolute discretion.
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Resolution 99-10 (Con't)
July 13, 1999
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 Haugland Company and the HRA is
executed by both parties, or January 7, 2000, whichever occurs earlier.
J~
on, Chair
Motion for the adoption of the foregoing resolution was seconded by Micks; and
upon a vote taken thereon, the following voted in favor thereof: Anderson,
Johnson and Micks; the following was absent:: Bakken and LeSuer; 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.