2004 HRA RESOLUTION 04-06
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Resolution 04-06
May 11, 2004
Commissioner Loomis introduced the following and moved its adoption:
RESOLUTION EXTENDING THE CONDITIONAL DESIGNATION OF
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 of land in the North Wirth Parkway Redevelopment Area
legally described as Lot 1, Block 1, North Wirth Parkway 4th Addition which is in
the process of being replatted as Lot 1, Block 1, North Wirth Parkway 5th
Addition; and
WHEREAS, a development team of Rick Martens, Joe Antonucci and Ken
Guenthner (Martens, Antonucci and Guenthner) were designated developer of
this property by Resolution 03-06, adopted August 12, 2003
WHEREAS, the HRA is willing to consider selling the replatted property for
the development of office condominiums; and
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WHEREAS, the development team has studied necessary soil
remediation and correction necessary to develop the site and has cooperated
with the HRA in the process of creating a tax-increment financing district to help
allay the extraordinary cost related to the development of the site, but still must
negotiate a development agreement for the project; and
WHEREAS, the previous designation extended through May 15, 2004,
and additional time is necessary to negotiate a development agreement.
NOW, THEREFORE, BE IT RESOLVED, by the HRA as follows:
1. The conditional designation for the development team of Rick Martens,
Joe Antonucci and Ken Guenthner as developer of a portion of Lot 1, Block 1,
North Wirth Parkway 4th Addition (to be replatted as Lot 1, Block 1, North Wirth
Parkway 5th Addtion) is hereby extended.
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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.
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
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Resolution 04-06 (Con't.)
May 11 , 2004
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, Antonucci and Guenthner until such time as the HRA
determines to terminate such negotiations in its sole and absolute discretion.
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 November 15, 2004, whichever occurs earlier.
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ATTEST:
Lv~
Thomas D. Burt, Dir or
Motion for the adoption of the foregoing resolution was seconded by
Commissioner Freiberg, and upon a vote taken thereon, the following voted in
favor thereof Freiberg, Grayson, Loomis, Shaffer, 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.