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CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION NO. 13 -073 <br />A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF AN <br />EXTENSION TO THE LISTING AGREEMENT WITH WELSH <br />COMPANIES, LLC D /B /A COLLIERS INTERNATIONAL / MINNEAPOLIS - <br />ST.PAUL <br />BE IT RESOLVED by the City Council (the "Council ") of the City of New Brighton, <br />Min sots (the "City ") as follows: <br />Section 1. Recitals. <br />1.01 The Council previously authorized a Listing Agreement (the "Agreement ") <br />with elsh Companies, LLC ( "Welsh ") on June 28, 2011 for marketing commercial lands in <br />Ne righton Exchange. <br />1.02 Welsh subsequently changed its corporate affiliation to Welsh Companies, <br />b/a Colliers International / Minneapolis -St. Paul ( "Welsh /Colliers "). <br />1.03 The Agreement with Welsh /Colliers expired on June 27, 2013. <br />the ��1.04 The City and Welsh /Colliers desire to continue working together by extending <br />te of the Agreement to December 31, 2014 (the "Extension "). <br />Section 2. Findings. <br />2.01 The Council hereby finds that the Extension to the Listing Agreement with <br />Wel /Colliers is consistent with the City's Modified Development Program established <br />purSUantto Minnesota Statutes, Section 469.124 et seq. and the Tax Increment Financing <br />Pla or Tax Increment Financing District No. 32 and 32A (NWQ Special Law), established <br />pur ant to Minnesota Statutes, Section 469.174 et seq. and Laws of Minnesota 1998, <br />Chaoter 389, Article 11, Section 24. <br />Section 3. Approval of Agreement and Authorization to Execute. <br />3.01 The City Council hereby approves the Extension to the Listing Agreement <br />with Welsh /Colliers and authorizes the Mayor and City Manager (the "Officers ") to execute <br />and deliver the agreement when the following condition is met: <br />