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<br />!. <br /> <br />~ <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. <br /> <br />96 043 <br /> <br />A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A FIRST <br />AMENDMENT TO THE CONTRACT FOR PRIVATE REDEVELOPMENT (LAKEVIEW <br />SOUTH) BY AND BETWEEN THE CITY OF NEW BRIGHTON AND INDUSTRIAL <br />EQUITIES, 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 />First Amendment to the Contract for Private Redevelopment <br />(Lakeview South) (the "Amendment") with Industrial Equities LLC <br />(the "Redeveloper"). <br /> <br />Section 2. Findinqs. <br /> <br />2.01 The Council hereby finds that the Amendment <br />promotes the objectives as outlined in its Modified Development <br />Program established pursuant to Minnesota Statutes, Sections <br />469.001et seq. <br /> <br />2.02 The Council hereby finds that it has approved and <br />executed a Contract for Private Redevelopment between the City <br />and the Redeveloper dated as of February 13, 1996. <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 Amendment when <br />the following condition is met: <br /> <br />Substantial conformance of an Amendment to the <br />Amendment presented to the City as of this date with <br />such additions and modifications as the Officers may <br />deem desirable or necessary as evidenced by the <br />execution thereof; <br /> <br />Adopted by the Council of the City this day of <br /> <br />, 199 . <br /> <br />. <br /> <br />I:!~d~ <br /> <br />ayor <br /> <br />~;;:;~ <br /> <br />Cit Manager <br /> <br />~1~ <br />