04-0082R

RESOLUTION APPROVING DEDA RESOLUTION NO. 04D-03 APPROVING AN AMENDMENT TO THE DEVELOPMENT AGREEMENT WITH LHB RIVERSIDE DEVELOPMENT, LLC RELATING TO THE RIVERSIDE RESIDENTIAL DEVELOPMENT.

BY COUNCILOR GILBERT:

RESOLVED, that pursuant to the requirements of Resolution No. 02-0606, the Duluth economic development authority's (DEDA) amendment to agreement with LHB Riverside Development, LLC, changing the property being conveyed by DEDA to developer for the first phase of the residential development adjacent to the old Riverside School, approved at its meeting of January 20, 2004, pursuant to DEDA Resolution No. 04D-03, a copy of which is on file in the office of the city clerk as Public Document No. _________, is hereby approved.


STATEMENT OF PURPOSE:  The purpose of this resolution is to approve the action of the DEDA board of commissioners pursuant to its Resolution 04D-04 as is required by Resolution 02-0606. The nature and purpose of the amendment are set forth in DEDA Resolution No. 04D-03 and its statement of purpose.