Laserfiche WebLink
i CITY OF ST. ANTHONY VILLAGE <br /> RESOLUTION 08-028 <br /> RESOLUTION RELATING TO A SEVENTH AMENDMENT TO A REDEVELOPMENT <br /> AGREEMENT BY AND AMONG THE CITY OF SAINT ANTHONY, MINNESOTA, THE <br /> HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF SAINT ANTHONY, <br /> MINNESOTA, AND APACHE REDEVELOPMENT, LLC (THE "MASTER DEVELOPER"), <br /> DATED DECEMBER 19, 2003 (THE "REDEVELOPMENT AGREEMENT"), AND PLANNED <br /> UNIT DEVELOPMENT AGREEMENT, BY AND BETWEEN THE CITY AND SILVER <br /> LAKES HOMES I,LLC,DATED AS OF NOVEMBER 1,2004 (THE "PUD AGREEMENT") <br /> WHEREAS, the City of St. Anthony (the "City") and the St. Anthony Housing and <br /> Redevelopment Authority (the "Authority") entered into the Redevelopment Agreement and the City <br /> entered into the PUD Agreement, both regarding an area located in the northwest portion of the City; <br /> and <br /> WHEREAS, pursuant to the Redevelopment Agreement, the Master Developer agreed to <br /> develop a development in multiple Phases or Elements, including the Phase IB For Sale Housing <br /> Development or Element consisting of an initial 128 units of for sale housing, subject to final plans to <br /> be approved by the City;and <br /> WHEREAS, under Section 10.1 of the Redevelopment Agreement (as amended by the Sixth <br /> • Amendment to Redevelopment Agreement(the"Sixth Amendment")), the Master Developer agreed to <br /> commence construction of the Phase IB For Sale Housing Development by September 1, 2008, and the <br /> Master Developer has informed the City that it will be unable to do so;and <br /> WHEREAS, due to current market conditions and, the Master Developer has requested the <br /> City approve a revised Phase IB plan which replaces the proposed 128 for sale condominium units <br /> with 100 senior cooperative units;and <br /> WHEREAS, the PUD Agreement contained final development approval for the Phase IB For <br /> Sale Housing which is inconsistent with what is currently proposed by the Master Developer. <br /> NOW,THEREFORE,BE IT RESOLVED,by the City of St. Anthony, Minnesota as follows: <br /> That the City Manager and City Attorney are authorized to negotiate a Seventh Amendment to <br /> Redevelopment Agreement and to negotiate an Amendment to the PUD Agreement, each <br /> addressing the issues contained in this Resolution. <br /> Adopted this 8thday of April,2008. <br /> WX_ <br /> yor <br /> ATTEST: <br /> City CWk <br /> • ' <br /> Review for Administration: <br /> City Manager <br />