HomeMy WebLinkAboutCC RES 05-034 RESOLUTION RELATING TO A THIRD AMENDMENT TO A REDEVELOPMENT AGREEMENT BY AND AMONG THE CITY OF SAINT ANTHONY, MINNESOTA, THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF SAINT ANTHONY, MINNESOTA, AND APACHE REDEVELOPMENT, LLC (THE "DEV Meeting Sheet
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104380
Box: 31
Folder: RES 2005
Document: CC RES 05-034 RESOLUTION RELATING TO A THIRD
AMENDMENT TO A REDEVELOPMENT AGREEMENT BY AND AMONG
THE CIN OF SAINT ANTHONY, MINNESOTA, THE HOUSING AND
REDEVELOPMENT AUTHORITY OF THE CITY OF SAINT ANTHONY,
MINNESOTA, AND APACHE REDEVELOPMENT, LLC (THE "DEV
CITY OF ST. ANTHONY
• RESOLUTION NO. 05-034
RESOLUTION RELATING TO A THIRD AMENDMENT TO A
REDEVELOPMENT AGREEMENT BY AND AMONG THE CITY OF SAINT
ANTHONY,MINNESOTA,THE HOUSING AND REDEVELOPMENT
AUTHORITY OF THE CITY OF SAINT ANTHONY, MINNESOTA, AND APACHE
REDEVELOPMENT, LLC (THE "DEVELOPER"), DATED 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 City of St. Anthony, Minnesota 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`h day of April, 2005.
jayor
ATTEST: &&aAjVW
City Clerk
Review for Administration:
• City Manager