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<br />! <br /> <br />11 <br />; ~ <br /> <br />RESOLUTION No. 96-010 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION AUTHORIZING EXECUTION OF A REVISED LAND PURCHASE <br />AGREEMENT (DOLLE). <br /> <br />WHEREAS, pursuant to Minnesota Statutes Sections 469.124 to 469.134, as amended, ("Act") <br />the City has established Development District No I ("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 />" <br />i <br />! I WHEREAS, the City Council determines 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 />~ I <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 fonn 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 />3. Resolution 95-068 and 95-061 are rescinded. <br /> <br />Adopted this 13th day of February, 1996. <br /> <br />ATTEST: <br /> <br />ATtEST: <br /> <br />~ <br />Robert Benk .. ayor <br /> <br /> <br />~ <br /> <br />M tthew S. Fulton, City Manager <br /> <br />'."'~. <br /> <br />~. <br /> <br />Finance Director/City Clerk <br /> <br />(Seal) <br />