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CITY OF ST. ANTHONY <br /> HRA RESOLUTION 98-001 <br /> A RESOLUTION APPROVING EXECUTION AND <br /> DELIVERY OF REDEVELOPMENT AGREEMENT <br /> WITH ALAN CHAZIN HOMES, INC. <br /> BE IT RESOLVED by the Board of Commissioners of the Housing and Redevelopment <br /> Authority of St. Anthony, Minnesota (the "HRA").,-,as follows: <br /> 1. It has been proposed that the HRA enter into a Redevelopment Agreement (the <br /> "Redevelopment Agreement") with Alan Chazin Homes, Inc. (the `Developer"), pursuant to <br /> which the HRA will provide funds in the amount of$30,000 to pay certain public <br /> redevelopment costs in connection with a project to be undertaken by the Developer in the City <br /> of St. Anthony or to reimburse the Developer for the payment of the costs. <br /> 2. The execution and delivery by the HRA of the Redevelopment Agreement is hereby <br /> approved, and the Chairperson and Secretary of the HRA are hereby authorized to execute and <br /> deliver the Redevelopment Agreement in substantially the form presented to this Board with <br /> such additions thereto or deletions therefrom as shall be approved by the Chairperson and <br /> Secretary of the HRA, such approval to be conclusively presumed by the execution and <br /> delivery of the Redevelopment Agreement by the HRA.' The financial assistance to be <br /> provided by the HRA pursuant to.the Redevelopment Agreement shall be paid from tax <br /> increment revenue of the HRA legally available therefor. <br /> Adopted this day of , 1998. <br /> Chairperson <br /> ATTEST: <br /> Secretary <br />