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<br />') <br /> <br />~ <br /> <br />I. <br /> <br />.. <br /> <br />REsOLUTION NO. 97- 0 2 5 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />~ \ <br /> <br />RESOLUTION APPROVING AND AUTHORIZING THE PURCHASE OF LAND (INDYKIEWICZ AND BRIGHTON <br />EXCAVATING PROPERTY) FOR $133,600. <br /> <br />'i <br /> <br />1. <br /> <br />RECITALS <br /> <br />(a) Pursuant to and in furtherance of the powers granted to it by Minnesota Statutes Sections <br />469.124 through 469.134 (the "Act"), the City has heretofore created and established its <br />development project known as Development District No.1 ("Development District") in <br />an area (the "Project Area") located in the City. <br /> <br />(b) Pursuant to the Act, the City has approved a Development Program for the Development <br />District which contains as its stated objective the acquisition and subsequent sale or lease <br />of lands within the Development District to developers for development. <br /> <br />(c) In accordance with the stated objective of the Development Program, the City Staff has <br />negotiated a proposed stipulation agreement for the purchase of the property at 250 - 1st <br />Street NW and the vacant parcel between 361 and 311 - 1st Street NW lying within the <br />Development District and has presented the proposed purchase terms to the City Council <br />for its consideration. <br /> <br />2. The City Council hereby approves the purchase of the property at 250 - 1st Street NW and the <br />vacant parcel between 361 and 311 - 1st Street NW, authorizes preparation of a stipulation <br />agreement ("Agreement") in substantially the form presented and hereby authorizes the Mayor <br />and City Manager to execute the same on behalf of the City with such additions or <br />modifications as those officers may deem necessary, as evidenced by their execution thereof. <br /> <br />3. Upon execution of the Agreement as herein authorized, the officers and employees of the City <br />are hereby authorized and directed to take all actions as are necessary to satisfy the City's <br />obligations under the Agreement. <br /> <br />Adopted this 8th Day of April 1997. <br /> <br />i <br />I' <br /> <br />~ <br /> <br />Robert Benke, ayor <br /> <br />-~.....~. .,~ <br /> <br />-1'\ - <br />_~ "1, - <br />< I, <br /> <br />ATIEst:',;~ <br /> <br />~~~. <br /> <br />Mat, ew S. Fulton, CIty Manager <br /> <br />";1 <br />.. <br />--'~ I! <br />ii <br />1 ~ <br /> <br /> <br />-; Margaret Egan, <br />II Finance Director/City Clerk <br /> <br />'! <br /> <br />(SEAL) <br /> <br />i <br />!I <br /> <br />'! <br />