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HOUSING AND REDEVELOPMENT AUTHORITY OF THE:, CITY OF ST. ANTHONY RESOLUTION NO, 05-005 RESOLUTION RELATING TO A THIRD AMENDMENT TO A REDEVELOPMENT AGREEMENT BY AND AMONG THE CT!'Y OF SAINT ANTHONY, MINNESOTA, THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF SAINT ANTHONY, MINNESOTA, AND APACHE REDEVELOPMENT, I,LC (THE "DEVELOPER"), DATE]) DECEMBER 19, 2003. WHEREAS, the City of St. Anthony (the "City") and the St. Anthony Housing and Redevelopment Authority entered into the referenced agreement regarding an area located in the northwest portion of the City (the "Agreement"); and WHERAS, 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 preliminarily identified how certain costs, in the amount of $1,705,000, for public improvements benefiting property owned by the Commercial Developer will be paid for by special assessments; and WHEREAS, the Commercial Developer is nearing completion of the improvements it is required to construct under the Agreement; and WHEREAS, 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, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment Authority of the City of St. Anthony, Minnesota as follows: That the Chair and Executive Director 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'.1' day of ARril, 2005. AT'T'EST: Chair City Cleric Review for Administration: Executive Director