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<br />:1 <br /> <br />~ <br /> <br />I. <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. 00-075 <br /> <br />.: A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A <br />I <br />I CONTRACT FOR PRIVATE REDEVELOPMENT, BY AND BETWEEN THE CITY <br />OF NEW BRIGHTON, MINNESOTA AND DALSTAR NEW BRIGHTON, LLC <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 l. <br /> <br />Recitals. <br /> <br />1.Ol It has been proposed that the City enter into a Contract for Private <br />Redevelopment (the "Contract") with Dalstar New Brighton, LLC (the <br />"Redeveloper"). <br /> <br />Section 2. <br /> <br />Findings. <br /> <br />2.01 The Council hereby finds that the Contract promotes the objectives <br />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 it has approved and adopted Tax <br />Increment Financing District No. 26 and the Council has approved and <br />adopted the Tax Increment Financing Plan relating thereto pursuant to <br />Minnesota Statutes, Sections 469.174 through 469.179, inclusive, as <br />amended and supplemented from time to time. <br /> <br />Section 3. <br /> <br />Authorizations. <br /> <br />I <br />. i <br /> <br />3.01 The Mayor and the City Manager (the "Officers") are hereby <br />authorized to execute and deliver the Contract when the following <br />condition is met: <br />