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! ,- ,; i i - CITY OF NEW BRIGHTON COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 0::1-069 A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A THIRD AMENDMENT TO CONTRACT FOR PRIVATE REDEVELOPMENT BY AND BETWEEN THE CITY AND MAINSTREET VILLAGE, LLC : . BE IT RESOLVED by the City Council (the "Council") of the City of New Brighton, Minn~ota (the "City"), as follows: . , : Section 1. Recitals. : \ I: ! i 1.01 The City has heretofore entered into a Contract for Private Red~~elopment, dated as of May 15, 2000 by and between Mainstreet Village, LLC (the "Red~eloper") and the City with respect to certain development to occur on the Red~~elopment Property (as defined in the Redevelopment Contract), which contract was ~mended on October 24, 2000 and on January 9, 2002 (as so amended, the "Red~velopment Contract") ! 1.02 It has been proposed that the City and the Redeveloper further amend the Reda~elopment Contract, as provided in the Third Amendment to the Contract for PrivaJf:l Redevelopment (the "Third Amendment"), to extend the deadline for completion of coHstruction of the final phase of the development and to provide for the construction of a plaza/green space amenity in the development. ! ~ : ~ . i Section 2. Findinqs. ;. 2.01 The Council hereby finds that the Third Amendment promotes the objed1ives outlined in the City's Modified Development Program established pursuant to Minn~sota Statutes, Section 469.124 et seq., as amended and supplemented from time to time, and the Tax Increment Financing Plan for Tax Increment Financing District No. 26 eSltablished pursuant to Minnesota Statutes, Section 469.174 et seq., as amended and $~pplemented from time to time. i' :. Section 3. Approval of Document and Authorization. . , ! I 3.01 The Council hereby approves the Third Amendment. The Mayor and City Clerk !of the City (the "Officers") are hereby authorized to execute and deliver the Third Amendment substantially in t he form 0 n file in the 0 ffice 0 f t he City Clerk, with such additions and modifications as the Officers may deem desirable or necessary as evid~rced by the execution thereof.