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<br />,{... <br /> <br />i <br />I <br />! <br />i <br />:. <br /> <br />~,.~:1 <br /> <br />RESOLUTION No. 99-=117 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A FIRST AMENDMENT TO THE <br />CONTRACT FOR PRIVATE REDEVELOPMENT BY AND BETWEEN THE CITY OF NEW BRIGHTON <br />AND BRIGHTON EAST OFFICE CENTER, LLC <br /> <br />BE IT RESOLVED by the City Council (the "Council") of the City of New Brighton (the "City") <br />as follows: <br /> <br />Section 1. Recitals. <br /> <br />1.01 The City has heretofore entered into a Contract for Private Redevelopment, dated as <br />of March 9, 1999 (the "Redevelopment Contract"), by and between Brighton East Office Center <br />L.L.C. (The "Redeveloper") and the City. <br /> <br />1.02 It has been proposed that the City amend the Redevelopment Contract pursuant to a <br />First Amendment to the Contract for Private Redevelopment (the "First Amendment") with the <br />Redeveloper. <br /> <br />Section 2. Findin~s. <br /> <br />2.01 The Council hereby finds that the First Amendment promotes the objectives outlined <br />in the City's Modified Development Program established pursuant to Minnesota Statutes. Sections <br />! 469.124 to 469.134, inclusive, as amended and supplemented from time to time, and the Tax <br />Increment Financing Plan for Tax Increment Financing District No. 28 established pursuant to <br />Minnesota Statutes. Sections 469.174 to 469.179, inclusive, as amended and supplemented from time <br />to time. <br /> <br />Section 3. Approval of Documents and Authorizations. <br /> <br />""3::01 - The Council hereby approves the First Amendment. The Mayor and City Clerk of <br />the City (the "Qfficers") are hereby authorized to execute and deliver the First Amendment, <br />sUbstantially in the form on file in the office of the City Clerk, with such additions and modifications <br />as1he officers'inaY seem desirable or necessary as evidenced by the execution. <br /> <br />; ! <br /> <br />;! Adopted thw3rd <br /> <br />day c&R>venber <br /> <br />.1999. <br /> <br />ATTEST: <br /> <br />R~~ <br />1i~w~~ager <br /> <br /> <br />Margaret E an, Finance Director/City Clerk <br /> <br />(Seal) <br />