00-07 HRA Resolution
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Resolution 00-07
October 10, 2000
Commissioner Anderson introduced the following and moved its adoption:
RESOLUTION CONDITIONALLY DESIGNATING
AMBERG, L.L.C.
AS DEVELOPER OF A PORTION OF THE
NORTH WIRTH PARKWAY REDEVELOPMENT AREA
(Lot 1, Block 2, Schaper 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, partners in Amberg, L.L.C. (hereinafter "Developer") have
property in the Redevelopment Area formerly operated as the Golden Valley Inn;
and,
WHEREAS, the Developer wishes to combine land described as Lot 1,
Block 2, Schaper Addition, with the Golden Valley Inn parcel and construct an
office building or buildings of approximately 72,000 - 75,000 sq. ft.; and,
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WHEREAS, the HRA wishes to conditionally designate Amberg, L.L.C.
developer of Lot 1, Block 2, Schaper Addition.
NOW, THEREFORE, BE IT RESOLVED, by the HRA as follows:
1. Amberg, L.L.C. is hereby conditionally designated developer of Lot 2,
Block 1, Schaper Addition.
2. The HRA understands that Amberg, L.L.C. will undertake all planning
and development efforts to construct the project on such property, and
Amberg, L.L.C. 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 Amberg, L.L.C.
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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 Amberg, L.L.C. until
such time as it determines to terminate such negotiations in its sole
and absolute discretion.
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Resolution 00-07 (Con't)
October 10, 2000
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 Amberg, L.L.C. and the HRA is
executed by both parties, or March 1, 2001, whichever occurs earlier.
ATTEST:
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Motion for the d ption of the foregoing resolution was seconded by
Commissioner 'cks; 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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