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H.R.A. RESOLUTION 1995-007 <br /> RESOLUTION APPROVING EXECUTION AND <br /> DELIVERY OF REDEVELOPMENT AGREEMENT WITH <br /> ARNOLD DEVELOPMENT <br /> BE IT RESOLVED by the Board of Commissioners of the Housing and <br /> Redevelopment Authority of St. Anthony, Minnesota (the "HRA") as follows: <br /> 1. It has been proposed that the HRA enter into a Redevelopment <br /> Agreement (the "Redevelopment Agreement") with Arnold Development (the <br /> "Developer"), pursuant to which the HRA will provide funds in the amount of up <br /> to $260,000 to pay certain public redevelopment costs in connection with a project to <br /> be undertaken by the Developer in the City of St. Anthony or to reimburse the <br /> Developer for the payment of the costs. <br /> 2. The execution and delivery by the HRA of the Redevelopment <br /> Agreement is hereby approved, and the Chairperson and Secretary of the HRA are <br /> hereby authorized to execute and deliver the Redevelopment Agreement in <br /> substantially the form presented to this Board with such additions thereto or <br /> deletions therefrom as shall be approved by the Chairperson and Secretary of the <br /> HRA, such approval to be conclusively presumed by the execution and delivery of <br /> the Redevelopment Agreement by the HRA. The financial assistance to be provided <br /> by the HRA pursuant to the Redevelopment Agreement shall be paid from tax <br /> increment revenue of the HRA legally available therefor. <br /> Dated: June 27, 1995. <br /> Chairman <br /> Attest: <br /> Secretary <br />