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<br />~ <br /> <br />RESOLUTION No. 95-006 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION APPROVING AND AUTHORIZING THE PURCHASE OF LAND (NYBO PROPERTY) AND <br />RELOCATION FOR $183,842. <br /> <br />1. RECITALS <br /> <br />(a) <br /> <br />Pursuant to and in furtherance of the powers granted to it by Minnesota Statutes <br />Sections 469.124 through 469.134 (the "Act"), the City has heretofore created and <br />established ~ts development project known as Development District No. 1 ("Development <br />District") in an area (the "Project Area") located in the City. <br /> <br />(b) <br /> <br />Pursuant to the Act, the City has approved a Development Program for the Development <br />District whieh contains as its stated objective the acquisition and subsequent sale or J~ase <br />of lands within the Development District to developers for development. <br /> <br />(c) <br /> <br />In accordance with the stated objective of the Development Program, the City Staff has <br />negotiated a proposed purchase of the property at 511 Old Highway 8 lying within the <br />Deve10pme~t District and has presented the proposed purchase tenus to the City Council <br />for its consideration. <br /> <br />2. The City Council hereby approves the purchase of the property at 511 Old Highway 8, <br />authorizes preparation of a purchase agreement ("Agreement") in substantially the form <br />presented and hereby authorizes the Mayor and City Manager to execute the same on behalf of <br />the City with such additions or modifications as those officers may deem necessary, as <br />evidenced by their execution thereof. <br /> <br />3. Upon execution of the Agreement as herein authorized, the officers and employees of the City <br />are hereby authorized and directed to take all actions as are necessary to satisfy the City's <br />obligations under. the Agreement. <br /> <br />Adopted this 10th day of January, 1995 <br /> <br />~~kL <br />./.- ,,/ // <br />. "/ <br />.-- k...--- <br /> <br />Robert Benke, or <br /> <br />ATTEST, <br /> <br />~$~ <br /> <br />Ma thew S. Fulton, CIty Manager <br /> <br />M~~ <br /> <br />Finance Director/City Clerk <br /> <br />(SEAL) <br />