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<br />... <br /> <br />.. <br /> <br />RESOLUTION No. 95-005 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A FIRST AMENDMENT TO THE CONTRACT FOR <br />PRIVATE REDEVELOPMENT BY AND BETWEEN THE CITY OF NEW BRIGHTON AND MEDICAL DEVICES, INC., NOW <br />KNOWN AS REHABILlCARE, INC. <br /> <br />BE IT FURTHER RESOLVED, by the City Council ("the Council") of the City of New Brighton (t~e <br />"City") as follows: <br /> <br />Section 1 . <br /> <br />Recitals. <br /> <br />1.01 It has been proposed that the City enter into a First Amendment to the Contract <br />for Private Redevelopment (the "First Amendment") with Medical Devices, Inc., now known a~ <br />Rebabilicare, Inc. (the "Redeveloper"). <br /> <br />Section 2. <br /> <br />FindinQs. <br /> <br />2.01 The Council hereby finds that the amendment promotes the objectives as <br />outlined in its Modified Development Program established pursuant to Minnesota Statutes, <br />Sections 469.001 et seg. <br /> <br />2.02 The Council hereby finds that it has approved and adopted Tax Increment <br />Financing District No. Band the Council has approved and adopted the Tax Increment Financing <br />Plan relating' thereto pursuant to Minnesota Statutes, Sections 469.174 through 469.179, <br />inclusive, as amended and supplemented from time to time. <br /> <br />2.03 The Council hereby finds that it has approved and executed a Contract for <br />Private Redevelopment betwwen the City and the Redeveloper dated as of April 26, 1994. <br /> <br />2.04 The Council hereby finds that the soil corrections necessary for the Redeveloper <br />to construct the minimum improvements called for under the terms of the Contract were <br />significantly greate~ than anticipated at the time the Contract was amended. <br /> <br />Section 3. <br /> <br />Authorizations. <br /> <br />3.01 The Mayor and City Manager (the "Officers") are hereby authorized to execute <br />and deliver the First Amendment when the following condition is met: <br /> <br />Substantial conformation of a First Amendment to the First Amendment <br />presented to the City as of this date with such additions and modifications <br />as the Officers may deem desirable or necessary as evidenced by the <br />execution thereof: <br /> <br />-A-dopted this 10th day of January, 1995. <br />ATTEST: <br /> <br />ATTEST: <br /> <br /> <br />anager <br /> <br /> <br />(SEAL) <br />