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98-066
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98-066
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7/15/2005 10:16:26 AM
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7/14/2005 10:58:09 AM
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<br />" <br />"" <br /> <br />. <br /> <br />:t <br /> <br />.W <br />.. <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. qR -Ohh <br /> <br />A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A CONTRACT FOR <br />PRIV A TE REDEVELOPMENT, BY AND BETWEEN THE CITY OF NEW BRIGHTON, <br />MINNESOTA AND SIL VERCREST PROPERTIES, 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 SilverCrest Properties, 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 <br />in its Modified Development Program established pursuant to Minnesota Statutes, Sections <br />469.001 et seq. <br /> <br />2.02 The Council hereby finds that it has approved and adopted Tax Increment <br />Financing District No. 28 and the Council has approved and adopted the Tax Increment <br />Financing Plans relating thereto pursuant to Minnesota Statutes, Sections 469.174 through <br />469.179, inclusive, 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 <br />execute and deliver the Contract when the following condition is met: <br />
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