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Attachment A 41 42 PURCHASE AND DEVELOPMENT CONTRACT 43 44 th 45 THIS AGREEMENT, made and entered into as of this 8 day of May, 2017, by and 46 between the Roseville Economic Development Authority, a public body corporate and politic 47 under the laws of the State of Minnesota (“Authority”) and Journey Home Minnesota, a 48 Minnesota nonprofit corporation (“Developer”). 49 50 WITNESSETH: 51 52 WHEREAS , the City of Roseville (“City”) and the Housing and Redevelopment 53 Authority in and for the City of Roseville (the “HRA”) have previously created and established a 54 Redevelopment Project (“Project”) pursuant to the authority granted in Minnesota Statutes, 55 Sections 469.001 through 469.047 (the “HRA Act”); and 56 57 WHEREAS , pursuant to the Act, the City and the Authority have previously adopted a 58 redevelopment plan for the Project (“Redevelopment Plan”); and 59 60 WHEREAS, the HRA has transferred the control and administration of the Project to the 61 Authority, which is authorized to exercise the powers of a housing and redevelopment authority 62 under Minnesota Statutes, Sections 469.090 through 469.1081, as amended (the “Act”); and 63 64 WHEREAS , in order to achieve the objectives of the Redevelopment Plan and 65 particularly to make specified land in the Project available for development by private enterprise 66 for and in accordance with the Redevelopment Plan, the Authority has determined to provide 67 substantial aid and assistance to finance development costs in the Project; and 68 69 WHEREAS , the Developer has proposed a development as hereinafter defined within 70 the Project which the Authority has determined will promote and carry out the objectives for 71 which the Project has been undertaken, will assist in carrying out the obligations of the 72 Redevelopment Plan, will be in the vital best interests of the City and the health, safety and 73 welfare of its residents and is in accord with the public purposes and provisions of the applicable 74 state and local laws and requirements under which development in the Project has been 75 undertaken and is being assisted. 76 77 NOW, THEREFORE , in consideration of the mutual covenants and obligations of the 78 Authority and the Developer, each party does hereby represent, covenant and agree with the 79 other as follows: 80 81 ARTICLE I. 82 83 DEFINITIONS, EXHIBITS, RULES OF INTERPRETATION 84 85 Section 1.1. Definitions . In this Agreement, the following terms have the meaning 86 given below unless the context clearly requires otherwise: 1 498768v2 MNI RS275-12