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CITY Or ST. ANTHONY RESOLUTION NO. 05-034 RESOLUTION RELATING TO A THIRD AMENDMENT TO A REDEVELOPMENT AGREEMENT BY AND AMONG THE CITY Oh SAINT ANTHONY, MINNESOTA, THE HOUSING AND REDEVELOPMENT AUTHORITY Oh' THE CITY OF SAINT ANTHONY, MINNESO'T'A, AND APACHE REDEVELOPMENT, LLC (THE "DEVELOPER"), DATED DECEMBER 19, 2003. WHEREAS, the City of St. Anthony (the "City") and the St. Anthony Housing and Rcdevelopment Authority entered into the referenced agreement regarding an area located in the northwest portion of the City (the "Agreement'); and Wflf ERAS, under the terms of the Agreement, certain rights under the Agreement were assigned to St. Anthony Retail Development, LLC (the "Commercial Developer"); and WHEREAS, Section 5.16 of the Agreement prcliminarily identified how certain costs, in the amount of $1,705,000, for public improvements benefiting property owned by the Commcreial Developer will be paid for by special assessments; and Wl11EREAS, the Commercial Developer is nearing completion of the improvements it is required to construct under the Agreement; and W1IEREAS, the Commercial Developer has requested that the Agreement be amended to reflect the final prorated share of assessments based on the actual square footage of the constructed improvements. NOW, 1l IEREFORE, BE IT RESOLVED, by the City of St. Anthony, Minnosota as follows: That the Mayor and City Manager are authorized to enter into a Third Amendment to Redevelopment Agreement by and among the City of Saint Anthony, Minnesota, the Housing and Redevelopment Authority of the City of Saint Anthony, Minnesota, and St. Anthony Retail Development, LLC (as Assignee). Adopted this 12°i dayof'April, 2005. ATT'ES'T': Mayor City Clerk Review for Administration: City Manager W