82-07HOUSING AND REDEVELOPMENT AUTHORITY
OF
CHANHASSEN, MINNESOTA
RESOLUTION
Dated May 20, 1982
Motion by Commissioner Bohn
Resolution No. 82-7
Seconded by Commissioner Horn
RESOLUTION APPROVING ASSESSMENT AGREEMENT
FOR THE
UNITED MAILING BUILDING
WHEREAS, FRANK BEDDOR, JR., MARILYN A. BEDDOR,
E. JEROME CARLSON, JULIANA M. CARLSON, (the "Redevelopers"),
owners of the following described real property:
Lot 1, Block 2, according to the
plat of Park Two, dated January 11,
1982, all of which is located in
Carver County, Minnesota,
have tendered to this Authority a proposed assessment agreement,
pursuant to Modification No. 5 to the Chanhassen Downtown
Redevelopment Plan, providing for the construction of certain
improvements within the Chanhassen Downtown Redevelopment Project
Area.
NOW, THEREFORE, BE IT RESOLVED, as follows:
1. The Chairman and Executive Director of the Authority are
hereby directed and authorized to execute on behalf of the
Authority said assessment agreement and the addendum thereto in
the form attached hereto and made a part hereof, as Exhibit A.
2. The Chairman and Executive Director are hereby specifi-
cally authorized to make assessment reduction payments pursuant
to said assessment agreement (and the addendum thereto) on the
basis of the average of the four Minimum Market Values set forth
in Section 3.3 of said agreement.
3. The amount of the United Mailing assessment reduction
payment under said assessment agreement is 'hereby determined to
be $138,698.00 which amount is based upon the Authority's
determ/nation that levied eligible assessments total $128,483.34
and unlevied eligible assessments exceed $20,000.00
Passed and adopted this ~ day of
1982, by the Housing and Redevelqp~--~-~ Author%ty of]the City
of Chanhassen, Minnesota. ~~// ~{~ A
Attest:
Yes
Bohn
Horn
Whitehill
No
None
Absent
Gullickson
Russell