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RESOLUTION Nog 5 -068 II I. I I I ~ t ... STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON RESOLUTION AUTHORIZING EXECUTION OF A REVISED LAND PURCHASE AGREEMENT (DOLLE). WHEREAS, pursuant to Minnesota Statutes Sections 469.124 to 469.134, as amended, ("Act") the City has established Development District No 1 ("District") for the purpose of development and redevelopment within the City; and WHEREAS, the City has been presented with a purchase agreement ("Agreement") involving the ; : purchase of land within the District; and WHEREAS, the City Council detennines that the purchase ofthe lands described in the Agreement for the purpose of offering the same for redevelopment is consistent with the purposes for which the District was established and is in the vital best interests of the City; and WHEREAS, the City Council has reviewed the contents of the proposed Agreement, considered the reports of the city staff and consultants, and has fully inquired into the proposal. Now, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NEW BRIGHTON as follows: I. That the proposed Agreement is in all respects approved; 2. That the Mayor and City Manager are hereby authorized to execute an agreement in substantially the fonn of the proposed Agreement; and to take all steps and do all acts and things reasonably necessary to carry out the City's obligations thereunder. 3. None of the foregoing shall be effective until the city staff has had an opportunity to review the legal description of the lands to be transferred for the purpose of confirming their location and extent. 4. Resolution 95-061 is rescinded. Adopted this 22nd day of August, 1995. ATTEST: ~ ~~~ Ci~ Manag~ ~ ~ ~ . \ _ ., A TTE'S'f: ..~ " Mar~(et E;r y '" , Finance Director/City Clerk 'i (Seal)