Laserfiche WebLink
<br />\, <br /> <br />'I <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br /><,. <br /> <br />... <br /> <br />RESOLUTION NO. 99-126 <br /> <br />A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A CONTRACT FOR <br />PRIVATE REDEVELOPMENT, BY AND BETWEEN THE CITY OF NEW BRIGHTON, <br />MINNESOTA AND MAIN STREET VILLAGE, LLC. <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 />Section 1. <br /> <br />Recitals. <br /> <br />1.01 It has been proposed that the City enter into a Contract for Private Redevelopment <br />(the "Contract") with Main Street Village, LLC (the "Redeveloper"). <br /> <br />Section 2. <br /> <br />Findings. <br /> <br />2.01 The Council hereby finds that the Contract promotes the objectives as outlined in <br />its Modified Development Program established pursuant to Minnesota Statutes, Sections 469.124 <br />to 469.134, as amended. <br /> <br />2.02 The Council hereby finds that it has approved and adopted Tax Increment <br />Financing District No. 26 and the Council has approved and adopted the Tax Increment Financing <br />Plan relating thereto pursuant to Minnesota Statutes, Sections 469.174 through 469.179, inclusive, <br />I' as amended and supplemented from time to time. <br /> <br />Section 3. <br /> <br />Authorizations. <br /> <br />3.01 The Mayor and the City Manager (the "Officers") are hereby authorized to execute <br />and deliver the Contract when the following condition is met: <br /> <br />Substantial conformance of a Contract to the Contract presented to the City as of <br />this date with such additions and modifications as those Officers may deem <br />desirable or necessary as evidenced by the execution thereof; <br /> <br />.~ <br /> <br />. , Adopted by the Council of the City this 14th day of Decemher, 1999. <br /> <br />A TTESt":- <br /> <br />R~- <br /> <br /> <br />inance Director/City Clerk <br />(SEAL) <br /> <br />~n,~r <br /> <br />I :\SHAREO\CQUNCIL \RESOLUTI\ 1999\99-CD\Mainstreet Resolution.wpd <br />