04-0154R

RESOLUTION APPROVING DEDA RESOLUTION 04D-13 AUTHORIZING AN AMENDED AND RESTATED DEVELOPMENT AGREEMENT WITH THE CENTRAL HILLSIDE DEVELOPMENT LIMITED LIABILITY PARTNERSHIP FOR THE FIFTH STREET REDEVELOPMENT PROJECT.

BY COUNCILOR GILBERT:

RESOLVED, that pursuant to the requirements of Resolution No. 02-0606, the Duluth economic development authority's (DEDA) amended and restated development agreement with the Central Hillside Development Limited Liability Partnership for the Fifth Street redevelopment project, pursuant to DEDA Resolution No. 04D-13, adopted on February 17, 2004, 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-13 as is required by Resolution 02-0606.

The nature and purpose of the amended and restated development agreement are set forth in DEDA Resolution No. 04D-13 and its statement of purpose.