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<br />J. <br /> <br />'l. <br /> <br />..~ <br /> <br />.. <br /> <br />RESOLUTlONNo.96-072 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION AUTHORIZING EXECUTION OF A LAND PURCHASE AGREEMENT (KORF). <br /> <br />WHEREAS, pursuant to Minnesota Statutes Sections 469.124 to 469.134, as amended, ("Act") <br />the City has established Development District No 1 ("District") for the purpose of development and <br />redevelopment within the City; and <br /> <br />WHEREAS, the City has been presented with a purchase agreement ("Agreement") involving the <br />purchase of land within the District; and <br /> <br />WHEREAS, the City Council detennines that the purchase of the lands described in the <br />Agreement for the purpose of offering the same for redevelopment is consistent with the purposes for <br />which the District was established and is in the vital best interests of the City; and <br /> <br />WHEREAS, the City Council has reviewed the contents ofthe proposed Agreement, considered <br />the reports ofthe city staff and consultants, and has fully inquired into the proposal. <br /> <br />Now, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NEW BRIGHTON as <br />follows: <br /> <br />1. That the proposed Agreement is in all respects approved; <br />2. That the Mayor and City Manager are hereby authorized to execute an agreement in <br />substantially the form of the proposed Agreement; and to take all steps and do all acts and <br />things reasonably necessary to carry out the City's obligations thereunder. <br /> <br />Adopted this 9th day of September, 1996. <br /> <br />ATTEST: <br /> <br />R~ <br /> <br />ATTEST: <br /> <br /> <br />M';gare~ <br />Finance Director/City Clerk <br /> <br />(Seal) <br />