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WHEREAS, due to current market conditions and financing requirements, the <br />Developer has requested that Section 10.1 of the Redevelopment <br />Agreement be amended to require construction to commence on <br />Phase IB -1 by September 1, 2008, and on Phase IB -2 by September 1, <br />2009; and <br />WHEREAS, a Sixth Amendment to the Agreement has been prepared to address <br />these issues. <br />NOW, THEREFORE, BE IT RESOLVED, by the St. Anthony Housing and <br />Redevelopment Authority as follows: <br />That the Chair and Executive Director are authorized to enter into a Sixth <br />Amendment to Redevelopment Agreement by and among the City of Saint <br />Anthony, Minnesota, the Housing and Redevelopment Authority of the City <br />of Saint Anthony, Minnesota, and Apache Redevelopment, LLC. <br />Adopted this 25th day of September, 2007 <br />Chair <br />Executive Director <br />R <br />