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<br />if <br /> <br />, . <br /> <br />-. <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. <br /> <br />, 94-87 <br /> <br />A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OP A CONTRACT FOR <br />PRIVATE REDEViLOPME~ (NORTH DISTRICT) at AND BETWEEN THE CI~Y OF <br />NEW BRIGHTON AND I~USTRIAL EQUITIES GROUP, LLC. <br /> <br />BE IT RESOLVED by the City Council (the "Council") of the <br />ci ty of' ~p.w Brighton (the "ei tytl) as follows: <br /> <br />Section 1. Rp.~i t.;tllfl . <br /> <br />1.01 It has been propOAP.O ~hat the City enter into a <br />Contract for Private Redevelopment (North District) (the <br />"Contraot") with Indust.rial Equitiaa Group, LI.C (the <br />"Redeveloper"). <br /> <br />Section 2. Findinqs. <br /> <br />2.01 The Council hereby finds that the Contract and <br />Ag~eement~ promote the objectives 48 outlined in its Modified <br />Development Program established pursuant to Minne~ot~ ~A~utes, <br />SI::lc.;Lluu~ 469.001 .at. AaSI. <br /> <br />2.02 Tlll::l Council hereby finds that it hAS approved and <br />adopted Tax Increment Financing Oistrict No. 20 and the Council <br />has approved and adopted the 'rQx Iut,;Lemenl Financing PlAn <br />relating thereto pursuant to Minnesota statutes, Sections 469.174 <br />through 469. .179, inclusive, as amenc:1ed and suppll::lllu:mLed L'L"om lime <br />to time. <br /> <br />Section 3. Authorizations. <br /> <br />3.01 The Mayor and the City Manager (the "Officers") <br />are hereby authorized to execute and deiiver the contract when <br />the following conditions are met: <br /> <br />A. Substantial conformance of a Contract to the Contract <br />presented to the City as of this date with such <br />additions and modifications as those Officers may deem <br />desirable or necessary as evidenced by the execution <br />thereof; <br /> <br />B. Payment of $10.000.00. <br /> <br />3.02 Upon execution and delivery of the Contract, the <br />offioers and employees of the City are hereby authorized and <br />d;rA~tAd t.o t.ake or cause to be taken such aetions as may be <br />