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96-048
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96-048
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<br />.# <br /> <br />~.' <br /> <br />.. <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. <br /> <br />Qfi-04R <br /> <br />A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A CONTRACT FOR <br />PRIVATE REDEVELOPMENT BY AND BETWEEN THE CITY OF NEW BRIGHTON AND <br />NKD PROPERTIES, LLC. <br /> <br />BE IT RESOLVED by the City Council (the "Council") of the <br />City of New Brighton (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 <br />Contract for Private Redevelopment (the "Contract") with NKD <br />Properties, LLC (the "Redeveloper"). <br /> <br />Section 2. Findinqs. <br /> <br />2.01 The Council hereby finds that the Contract <br />promotes the objectives as outlined in its Modified Development <br />Program established pursuant to Minnesota Statutes, Sections <br />469.001 et seo. <br /> <br />2.02 The Council hereby finds that it has approved and <br />adopted Tax Increment Financing District No. 16 and the Council <br />has approved and adopted the Tax Increment Financing Plan <br />relating thereto pursuant to Minnesota Statutes, Sections 469.174 <br />through 469.179, inclusive, as amended and supplemented from time <br />to time. <br /> <br />Section 3. <br /> <br />Authorizations. <br /> <br />3.01 The Mayor and the City Manager (the "Officers") <br />are hereby authorized to execute and deliver the Contract when <br />the following conditions are met: <br /> <br />1. Substantial conformance of a Contract to the Contract <br />presented to the City as of this date with such <br />additions and modifications as the Officers may deem <br />desirable or necessary as evidenced by the execution <br />thereof; <br /> <br />2. Payment to the City of $2,500.00. <br /> <br />Adopted by the Council of the City this 2..L day of July <br /> <br />, 1996. <br /> <br />ATTEST: <br /> <br />~ <br /> <br />~ <br />. ...... . '--" <br /> <br />Mayor ... _.' . <br /> <br />~...~... <br />Tn(;,~ <br />
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