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sl it i I! ! I RESOLUTION NO. ( 07-060 STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON a I~ 4 I~ RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A I EASE EXTENSION WITH THE UNITED STATES POSTAL SERVICE 4 i E IT RESOLVED by the City Council (the "Council") of the City of New Brighton, Minne ota (the "City'") as follows: ection 1. Recitals. .01 The City entered into a Letter of Understanding with the United States Postal Servi ("USPS") regarding payment of relocation expenses and rent differential in corm tion with the relocation of the USPS from its current site at 1255 Old Highway 8 in the N Quadrant; 1 .02 The City is now in title to the USPS's current site and is now the landlord i under# he USPS's lease, which expires on June 30, 2007. .03 The USPS has requested that the City agree to extend its lease for an additi al two (2) months to give the City and the USPS time to negotiate a definitive Reloc tion Agreement. r rt? 11.04 It has been proposed that the City adopt the form of resolution ("Resolution") attacf d as Exhibit A and enter into a Lease Amendment/Lease Extension ("Lease Exten ion") with USPS in substantially the form attached as Exhibit B. Section 2. Findings. .01 The Council hereby finds that the proposed Lease Extension promotes the objet i es outlined in its Restated Development Program established pursuant to Minn ota Statutes, Sections 469.124 to 469.134, as amended. i~ 112.02 The Council hereby finds that the USPS's current site is located in an area which the Council is redeveloping as described in the Tax Increment Financing Plan for 1 Tax I rement Financing District No. 32 as approved by the Council. i ifp I1 ii 'i if