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1® <br /> CITY OF ST. ANTHONY <br /> H.R.A. RESOLUTION 02-007 <br /> A RESOLUTION AUTHORIZING THE CHAIR AND EXECUTIVE DIRECTOR <br /> OF THE ST. ANTHONY HOUSING AND REDEVELOPMENT AUTHORITY <br /> TO ENTER INTO AN AGREEMENT RELATING TO 4004 SILVER <br /> LAKE ROAD (aka HARDEE'S PROPERTY) <br /> WHEREAS, the City of St. Anthony, owners of the property addressed as 4004 Silver Lake <br /> Road, desire to sell said property; and <br /> WHEREAS, Julie Chien and Steve Sparks, owners of a Culver's Restaurant, wish to purchase <br /> said property upon which they propose to build another Culver's Restaurant. <br /> NOW, THEREFORE, BE IT RESOLVED that the St. Anthony H.R.A. hereby authorizes the <br /> Chair and Executive Director to enter into an agreement with Julie Chien and Steve Sparks.for <br /> the purchase of the City-owned property addressed as 4004 Silver Lake Road. <br /> BE IT FURTHER RESOLVED, that said authorization be contingent upon the following: <br /> 1. Approval of the agreement by the City Attorney; <br /> 2. Approval of the agreement by the St. Anthony Planning Commission and City <br /> Council; and <br /> 3. Proposed buyers adherence to the recommendations as set forth in a memo from <br /> Ehlers & Associates, Inc., Financial Advisors, and dated April 9, 2002, and <br /> attached hereto. <br /> Adopted this day of , 2002. <br /> Chair <br /> Reviewed for Administration: <br /> Executive Director <br />