81-06 CITY OF CHANHASSEN
HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION
Dated: December 3, 1981
Motion by Commissioner Whitehill
Resolution No. 81-6
Seconded by Commissioner Russell
RESOLUTION CLARIFYING EXPIRATION
DATE OF REDEVELOPMENT CONTRACT
WHEREAS, Bloomberg Companies, Incorporated, as Redeveloper,
and the Chanhassen HRA, have entered into a contract in connection
with the Chanhassen HRA Downtown Redevelopment PrOject, and
WHEREAS, said Redeveloper executed said contract on
May 4, 1981, and
WHEREAS, the Chanhassen HRA executed said contract
on May 27, 1981, and
WHEREAS, Section 7.1 of said contract provides that
said Redeveloper must submit a certain commitment for financing
within one year of the date of execution of said contract by the
Redeveloper, and
WHEREAS, it was the intent of this body that the one-
year period specified in Section 7.1 expire on May 27, 1982,
rather than on May 4, 1982. .
NOW, THEREFORE, BE IT RESOLVED, by the Chanhassen
Housing and Redevelopment Authority as follows:
That the Chanhassen Housing and Redevelopment Authority
hereby extends the date of expiration of the one-year
period set forth in Section 7.1 of the above-described
Redevelopment Contract from May 4, 1982 to May 27, 1982.
That this Resolution is adopted not for the purpose
of making any substantive change in said Redevelopment
Contract, but rather than for the purpose of clarifying
the intent of this body.
Passed and adopted this 3rd day of December
by the Housing and Redevelopment Authority of the City of
Chanhassen, Minnesota. ~~ ~~.~~~
Chairman
, 1981 ,
Attest:
Executive Director
Yes
Gullickson
Horn
Whitehill
BohR
Russell
No
Absent
none
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