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CITY OF NEW BRIGHTON <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION NO. <br /> A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A <br /> CONTRACT FOR EXCLUSIVE NEGOTIATIONS WITH PULTE HOMES <br /> OF MINNESOTA, LLC. <br /> BE IT RESOLVED by the City Council (the "Council") of the City of New Brighton, <br /> Minnesota (the "City") as follows: <br /> Section 1. Recitals. <br /> 1.01 The Council previously met with Pulte Homes of Minnesota, LLC <br /> (Redeveloper) on June 24, 2012 about the Redeveloper's interest in constructing a mix of <br /> single-family homes and townhomes (Project) on a 26 acre tract of land (Block I) in New <br /> Brighton Exchange. <br /> 1.02 The Council directed City staff and the Redeveloper to work together and <br /> explore additional details of the Project. <br /> 1.03 The Redeveloper is requesting that the parties enter into a Contract for <br /> Exclusive Negotiations(Agreement)that would grant them exclusive rights to negotiate with <br /> the City to develop the Project on Block I, for a specified period of time, including the right <br /> to conduct due diligence activities. <br /> Section 2. Findings. <br /> 2.01 The Council hereby finds that the Project promotes the objectives outlined <br /> in the City's Modified Development Program established pursuant to Minnesota Statutes, <br /> Section 469.124 et seq, and the Tax Increment Financing Plan for Tax Increment <br /> Financing District No. 31 and 31A(NWQ Special Law), established pursuant to Minnesota <br /> Statutes, Section 469.174 et seq. and Laws of Minnesota 1998, Chapter 389, Article 11, <br /> Section 24. <br /> Section 3. Approval of Contract for Exclusive Negotiations. <br /> 3.01 The Council hereby approves the Agreement with Redeveloper and directs <br /> the Mayor and City Manager (Officers) to execute and deliver the Agreement when the <br /> following condition is met: <br />