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<br />I ~ <br /> <br />2.02 The Council hereby finds that both the Current Site and the New Site <br />are located in areas which the Council intends to include in new tax increment <br />,I financing districts pursuant to Minnesota Statutes, Sections 469.174 through <br />469.1799, inclusive, and, as applicable. Laws of Minnesota 1998, Chapter 389, <br />: Article 11, Section 24, all as amended and supplemented from time to time. <br /> <br />Section 3. Authorizations. <br /> <br />3.01 The Community Development Director and the City Manager are <br />hereby authorized to negotiate a Purchase Agreement with the Company for the <br />Current Site, which Purchase Agreement shall be presented to the Council for its <br />approval. <br /> <br />. 3.02 The Community Development Director and the City Manager are <br />! hereby authorized to negotiate Purchase Agreements with the owners of the parcels <br />! in the New Site and, concurrently, to negotiate a Contract for Private <br />! , Redevelopment with the Company relating to the New Site, which Purchase <br />. Agreements and Contract shall be presented to the Council for its approval. <br /> <br />Adopted by the Council of the City this 8th day of April <br />i 2003. <br /> <br />J1~H~L O-A AM <br /> <br />Steve Larson, Mayor <br /> <br /> <br />ATTEST: <br /> <br />12, (/.:)'? . .v .~",/./ <br />/'t?,#{:'{tc:~O ~ YidC,,''-" \z., <br />! i Daniel A. Maiers, Director of Finance <br /> <br />G:IWPDA T AININW QUAD\IIIDOCIRESOL AUTHORlZING TERM SHEET.DOC <br />