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<br />I~~ <br /> <br />I"~ <br /> <br />; . <br />, <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. 02-106 <br /> <br />. A RESOLUTION AUTHORIZING NEGOTIATION, EXECUTION AND DELIVERY <br />OF A PURCHASE AGREEMENT BETWEEN THE CITY OF NEW BRIGHTON, <br />MINNESOTA, ELTON DAHLKE, JOANN DAHLKE AND ANY ADDITIONAL <br />PARTY OR PARTIES WITH AN INTEREST IN THE REAL PROPERTY <br />LOCATED AT 1155 OLD HIGHWAY 8, NEW BRIGHTON, MINNESOTA <br /> <br />BE IT RESOLVED by the City Council (the "Council") of the City of New Brighton, <br />Minnesota (the "City") as follows: <br />; <br /> <br />Section 1. Recitals. <br /> <br />i 1.01 The City has presented to Mr. Elton Dahlke and Ms. Joann Dahlke <br />(collectively, the "Dahlkes") a term sheet (the "Term Sheet") outlining the terms <br />and conditions under which the City is willing to purchase certain real property <br />located at 1155 Old Highway 8, New Brighton Minnesota (the "Property"). <br /> <br />i ( <br /> <br />1.02 It has been proposed that the City enter into a Purchase Agreement for <br />purchase of the Property if mutually-agreeable terms can be reached consistent <br />with the Term Sheet. <br /> <br />Section 2. <br /> <br />FindinQs. <br /> <br />. \ <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 <br />to 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 the <br />Council intends to include in a new tax increment financing district pursuant to <br />Minnesota Statutes, Sections 469.174 through 469.1799, inclusive, and Laws of <br />, Minnesota 1998, Chapter 389, Article 11, Section 24, all as amended and <br />supplemented from time to time. <br />