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<br />: I ,,- " <br />I ,! <br />~I <br />I <br /> <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. 04-038 <br /> <br /> <br />A RESOLUTION AUTHORIZING EXECUTION AND <br />DELIVERY OF A FOURTH AMENDMENT TO <br />CONTRACT FOR PRIVATE REDEVELOPMENT BY <br />AND BETWEEN THE CITY AND MAINSTREET <br />VILLAGE, LLC <br /> <br />BE IT RESOLVED by the City Council (the "Council") of the City of New <br />Brighton, Minnesota (the "City"), as follows: <br /> <br />~ ! <br /> <br />Section 1. Recitals. <br /> <br />1.01 The City has heretofore entered into a Contract for Private <br />i I Redevelopment, dated as of May 15, 2000 by and between Mainstreet Village, <br />LLC (the "Redeveloper") and the City with respect to certain development to <br />occur on the Redevelopment Property (as defined in the Redevelopment <br />: i Contract), which contract was amended on October 24, 2000, January 9, 2002 <br />I; and November 26,2003 (as so amended, the "Redevelopment Contract") <br /> <br /> <br />1.02 It has been proposed that the City and the Redeveloper further <br />amend the Redevelopment Contract, as provided in the Fourth Amendment to <br />the Contract for Private Redevelopment (the "Fourth Amendment"), to provide <br />for additional soil corrections required for Tract I. <br /> <br /> <br />Section 2. FindinQs. <br /> <br />, \ <br /> <br />2.01 The Council hereby finds that the Fourth Amendment promotes the <br />I <br />I i objectives outlined in the City's Modified Development Program established <br />pursuant to Minnesota Statutes, Section 469.124 et seq., as amended and <br />supplemented from time to time, and the Tax Increment Financing Plan for Tax <br />Increment Financing District No. 26 established pursuant to Minnesota Statutes, <br />Section 469.174 et seq., as amended and supplemented from time to time. <br /> <br />I; <br /> <br />Section 3. Approval of Document and Authorization. <br /> <br />3.01 The Council hereby approves the Fourth Amendment. The Mayor <br />and City Clerk of the City (the "Officers") are hereby authorized to execute and <br />deliver the Fourth Amendment substantially in the form on file in the office of the <br />City Clerk, with such additions and modifications as the Officers may deem <br />desirable or necessary as evidenced by the execution thereof. <br />