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HOUSING AND REDEVELOPMENT AUTHORITY <br />CITY OF SAINT ANTHONY VILLAGE <br />RESOLUTION 23-02 <br />RESOLUTION APPROVING THIRD AMENDMENT TO <br />CONTRACT FOR PRIVATE REDEVELOPMENT <br />BETWEEN THE HOUSING AND REDEVELOPMENT <br />AUTHORITY OF ST. ANTHONY, MINNESOTA, THE CITY <br />OF ST. ANTHONY VILLAGE, AND DORAN SLV, LLC <br />This Third Amendment (“Third Amendment”) is made as of _____ __, 202__, by and <br />among the HOUSING AND REDEVELOPMENT AUTHORITY OF ST. ANTHONY, <br />MINNESOTA, a public body politic and corporate (the “Authority”), the CITY OF ST. <br />ANTHONY VILLAGE, a Minnesota municipal corporation (the “City”), DORAN SLV, LLC, a <br />Minnesota limited liability company (the “Phase I Redeveloper”), Doran St. Anthony, LLC, a <br />Minnesota limited liability company (the “Phase I Owner”) and Doran SLV II, LLC, a Minnesota <br />limited liability company (the “Phase II Owner and Redeveloper” and, together with the Phase I <br />Redeveloper, the “Redeveloper”). <br />WHEREAS, the Authority, the City, and the Phase I Redeveloper entered into that certain <br />Contract for Private Redevelopment dated as of December 10, 2019, as amended by a First <br />Amendment thereto dated as of June 23, 2020 and further amended by that certain Second <br />Amendment to Contract for Private Redevelopment dated November __, 2020 (as so amended, the <br />“Contract”), providing, among other things, for the construction of certain improvements (the <br />“Minimum Improvements”) on the property legally described within the Contract (the <br />“Redevelopment Property”); <br />WHEREAS, the Redeveloper has requested, and the Authority and City have agreed, to <br />modify certain terms of the Contract arising as a result of the continuing effects of the COVID-19 <br />pandemic on the construction market and other causes. <br />NOW, THEREFORE, in consideration of the premises and the mutual obligations of the <br />parties hereto, each of them does hereby covenant and agree with the other as follows: <br />1.Acknowledgement of Completion of Phase I Minimum Improvements. The City and <br />the Authority, hereby acknowledge and agree that the Phase I Redeveloper commenced construction <br />of the Phase I Minimum Improvements and completed construction of the Phase I Minimum <br />Improvements in full compliance with the terms of the Contract, including without limitation, <br />Section 4.3(a) of the Contract. <br />2.Amendment of Section 4.3(a) of the Contract. Section 4.3(a) of the Contract is <br />amended as follows: