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<br />'" <br />" <br /> <br />~ <br /> <br />:.- <br /> <br />.' <br /> <br />RESOLUTION NO. 94-077 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION ApPROVING AND AUTHORIZING THE PURCHASE OF LAND, BUILDING. AND FIXTURES <br />(830 - 5TH AVENUE NW) FOR $146,000. <br /> <br />1. RECITALS <br /> <br />(a) 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 <br />and established its development project known as Development District No.1 <br />("Development District") in an area (the "Project Area") located in the City. <br /> <br />(b) Pursuant to the Act, the City has approved a Development Program for the <br />Development District which contains as its stated objective the acquisition and <br />subsequent sale or lease of lands within the Development District to developers <br />for development. <br /> <br />(c) In accordance with the stated objective of the Development Program, the City <br />Staff has instituted condemnation action involving a tract of land at 830 - 5th <br />Avenue NW, New Brighton, Minnesota and fully described in the condemnation <br />petition lying within the Development District and has negotiated a proposed <br />settlement agreement ("Agreement") of that action and has presented same to <br />the City Council for its consideration. <br /> <br />2. The City Council hereby approves the Agreement in substantially the form presented <br />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, <br />as evidenced by their execution thereof. <br /> <br />3. Upon execution of the Agreement as herein authorized, the officers and employees of <br />the City are hereby authorized to take all actions as are necessary to satisfy the City's <br />obligations under the Agreement. <br /> <br />Adopted this 28th day of June, 1994. <br /> <br />A TTESt~ <br /> <br /> <br />Marg~ <br />Finance Director/City Clerk <br /> <br /> <br />(SEAL) <br />