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outl ned in the City's Modified Development Program established pursuant to Minnesota <br />Sta �tes, Section 469.124 etseq, and the Tax Increment Financing Plan for Tax Increment <br />Fin cling District No. 31 and 31A (NWQ Special Law), established pursuant to Minnesota <br />States, Section 469.174 et seq. and Laws of Minnesota 1998, Chapter 389, Article 11, <br />Section 24. <br />Section 3. Approval of Contract and Authorization to execute Term Sheet. <br />3.01 The Council hereby approves the Term Sheet with AR Group, Inc. as <br />pre Anted and authorizes the Mayor and City Manager ( "Officers ") to execute and deliver <br />the Term Sheet when the following condition is met: <br />Substantial conformity of the Term Sheet to the form of contract <br />presented to the City as of this date, with such additions and <br />modifications as the Officers may deem desirable or necessary as <br />evidenced by the execution thereof. <br />Adopted by the Council of the City this 11th day of June 2013. <br />Dave Jad6bsen, Mayo- j <br />Dean Lotter, City <br />