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<br />-~T'1 <br />_ i <br />: i <br />I- <br /> <br />I, <br /> <br />; : <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />I' <br /> <br />RESOLUTION NO. 03-013 <br /> <br />A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A PURCHASE <br />:AGREEMENT BETWEEN THE CITY OF NEW BRIGHTON, MINNESOTA AND <br />- HARRY'S SURVIVAL STATION BAR, INC. FOR THE REAL PROPERTY LOCATED <br />(\T 389 OLD HIGHWAY 8, NEW BRIGHTON, MINNESOTA <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 />Section 1. Recitals. <br /> <br />1.01 The City has presented to Harry's Survival Station Bar, Inc. (the <br />"Company") a purchase agreement (the "Purchase Agreement "), stating the terms <br />and conditions under which the City is willing to purchase certain real property <br />" located at 389 Old Highway 8, New Brighton, Minnesota (the "Property"). <br /> <br />1.02 The City and the Company having reached agreement upon the terms <br />of the Purchase Agreement, it has been proposed that the City execute the <br />Purchase Agreement. <br /> <br />Section 2. Findinqs. <br /> <br />2.01 The Council hereby finds that acquisition of the Property promotes the <br />objectives as outlined in its Modified Development Program established pursuant to <br />Minnesota Statutes, Sections 469.124 to 469.134, as amended. <br /> <br />2.02 The Council hereby finds that the Property is located in an area which <br />the Council intends to include in a new tax increment financing district pursuant to <br />Minnesota Statutes, Sections 469.174 through 469.1799, inclusive, as amended <br />and supplemented from time to time. <br /> <br />, ! <br />