03-06 HRA Resolution
Resolution 03-06
August 12,2003
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Commissioner Johnson introduced the following and moved its adoption:
RESOLUTION CONDITIONALLY DESIGNATING
THE TEAM OF RICK MARTENS, JOE ANTONUCCI AND KEN GUENTHNER
AS DEVELOPER OF A PORTION OF
THE NORTH WIRTH PARKWAY REDEVELOPMENT AREA
(Portion of Lot 1, Block 1, North Wirth Parkway 4th Addition)
WHEREAS, the Golden Valley Housing and Redevelopment Authority
(HRA) is the owner or land in the North Wirth Parkway Redevelopment Area
legally described as Lot, 1, Block 1, North Wirth Parkway 4th Addition; and
WHEREAS, a development team of Rick Martens, Joe Antonucci and Ken
Guenthner (Martens, Antonucci and Guenthner) would like to develop an
office/warehouse facility on the site by acquiring a portion of Lot 1, Block 1, North
Wirth Parkway 4th Addition; and
WHEREAS, the development team understands that the adjacent property
owner, R & B Properties, would like to provide for the expansion of its business
by acquiring a portion of Lot 1, Block 1, North Wirth Parkway 4th Addition north of
the railroad tracks for its expansion; and
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WHEREAS, the HRA is willing to consider selling the remainder of this lot,
following the subdivision and sale of a portion of the lot to R & B Properties to the
development team of Martens, Antonucci and Guenthner.
NOW, THEREFORE, BE IT RESOLVED, by the HRA as follows:
1. The development team of Rick Martens, Joe Antonucci and Ken
Guenthner is conditionally designated as developer of a portion of Lot 1, Block 1,
North-Vv'irth-Parkway 4th Addition.
2. The HRA understands that Martens, Antonucci and Guenthner will
undertake all planning and development efforts necessary to construct the
project on such property and that if such efforts meet the requirements of the
HRA and City, Martens, Antonucci and Guenthner will enter into a negotiated
development agreement with the HRA, which development agreement shall
contain terms satisfactory to the HRA and Martens, Antonucci and Guenthner.
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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 continue negotiation of the development
agreement with Martens, Antonuc9i and Guenthner until such time as they HRA
determines to terminate such negotiations in its sole and absolute discretion.
Resolution 03-06 (Con't.)
August 12,2003
4. No zoning consideration such as change in zoning, PUD classification
. or variances are granted or implied by this action.
5. 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 Martens, Antonucci and Guenthner and the
HRA is executed by all parties, or May 15, 2004, whichever occurs earlier.
ATTEST:
~.c if
Thomas D. Burt, Dir~
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Motion for the adoption of the foregoing resolution was seconded by
Commissioner Loomis, and upon a vote taken thereon, the following voted in
favor thereof: Grayson, Johnson, LeSuer, Loomis and Tremere; and the following
voted against the same: none; whereupon said resolution was declared duly
passed and adopted, signed by the Chair and his signature attested by the
Director.
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