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<br />I <br /> <br />~ <br /> <br />Ii <br /> <br />RESOLUTION No. 99 -054 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION AUTHORIZING EXECUTION OF A LAND PURCHASE AGREEMENT FOR 3.97 <br />ACRES OF SOO LINE PROPERTY IN THE SOUTHEAST QUARTER OF SECTION 29 TWP. 30, <br />RGE. 23. (TIF#29) <br /> <br />WHEREAS, pursuant to Minnesota Statutes Section 469.124 to 469.134, as amended, ("Act") the <br />City has established development District No 1 ("District") for the purpose of development and <br />redevelopment within the City; and <br /> <br />WHEREAS, the City has been presented with a purchase agreement ("Agreement") involving the <br />purchase of land within the District; and <br /> <br />WHEREAS, the City Council determines that the purchase of the lands described in the <br />Agreement for the purpose of offering the same for redevelopment is consistent with the purposes for <br />which the District was established and is in the vital best interests ofthe City; and <br /> <br />WHEREAS, the City Council has reviewed the contents ofthe proposed Agreement, considered <br />the report of the city staff and consultants, and has fulIy inquired into the proposal. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NEW BRIGHTON <br />as follows: <br /> <br />1. That the proposed Agreement is in all respects approved; <br />2. That the Mayor and City Manager are hereby authorized to execute an agreement in <br />substantially the form of the proposed Agreement; and to take all steps and do all acts and <br />things reasonable necessary to carry out the City's obligation thereunder. <br /> <br />Adopted this 22nd day of June ,1999. <br /> <br /> <br />A'S'EST: <br /> <br />~/ <br /> <br />, I <br />/.' !.....--\ <br /> <br />/- ) <br />/, . <br /> <br /> <br />Matthew S. Fulton, City Manager <br /> <br />(Seal) <br /> <br />I;\SHARED\COUNClL\RESOLUTl\1999\99-CDlSOOI.INE. WPD <br />