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<br />, , <br />: I <br /> <br />~;.. i; ,~ <br /> <br />~, <br /> <br />1.05 Under the terms of the Redevelopment Contract, the consent <br />of the City is required in order for the Redeveloper to convey any portion of <br />the Redevelopment Property or to assign its interest in the Redevelopment <br />Contract to New Brighton Leased Housing. <br /> <br />Section 2. Findinas. <br /> <br />2.01 The Council hereby finds that the Second Amendment and <br />the Assignment promote the objectives outlined in the City's Modified <br />Development Program established pursuant to Minnesota Statutes, <br />Sections 469.124 to 469.134, inclusive, as amended and supplemented <br />from time to time, and the Tax Increment Financing Plan for Tax Increment <br />Financing District No. 26 established pursuant to Minnesota Statutes. <br />Sections 469.174 to 469.1791, inclusive, as amended and supplemented <br />from time to time. <br /> <br />Section 3. Approval of Documents and Authorizations. <br /> <br />3.01 The Council hereby approves the Second Amendment and <br />consents to the Assignment. The Mayor and City Clerk of the City (the <br />"Officers") are hereby authorized to execute and deliver the Second <br />Amendment and the consent to the Assignment, substantially in the forms <br />on file in the office of the City Clerk, with such additions and modifications <br />as the Officers may deem desirable or necessary as evidenced by the <br />execution thereof. <br /> <br />ADOPTED BY THE CITY COUNCIL OF THE CITY OF NEW BRIGHTON, <br />MINNESOTA THIS 24TH DAY OF JULY, 2001. <br /> <br />~~ffi <br /> <br />Steve Larson, Mayor <br /> <br />{k~ ~qJ~ <br /> <br />M tthew S. Fulton, City Manager <br /> <br />ATTEST: <br />! ) ~, <br />\ ,...A\ \ lrl L--1'-"l"'. ,\ " <br />':..\" ''-''..-\/ _....<.1'..'~ ( f,,~~" ~ <br />Patty Ja'aacson. Acting City Clerk <br />