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<br />J <br /> <br />\! <br /> <br />.. <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. 94-052 <br /> <br />A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A CONTRACT FOR <br />PRIVATE REDEVELOPMENT BY AND BETWEEN THE CITY OF NEW BRIGHTON AND <br />NHHI - NEW BRIGHTON, INC. <br /> <br />BE IT RESOLVED by the City Council (the "Council") of the <br />City of New Brighton (the "City") as follows: <br /> <br />Section 1. <br /> <br />Recitals. <br /> <br />1.01 It has been proposed that the City enter into a <br />Contract for Private Redevelopment (the "Contract") with NHHI _ <br />New Brighton, Inc. (the "Redeveloper"). <br /> <br />Section 2. Findinqs. <br /> <br />2.01 The Council hereby finds that the Contract <br />promotes the objectives as outlined in its Modified Development <br />Program established pursuant to Minnesota statutes, Sections <br />469.001 et seq. <br /> <br />2.02 The Council hereby finds that it has approved and <br />adopted Tax Increment Financing District No. 23 and the Council <br />has approved and adopted the Tax Increment Financing Plan <br />relating thereto pursuant to Minnesota Statutes, Sections 469.174 <br />through 469.179, inclusive, as amended and supplemented from time <br />to time. <br /> <br />Section 3. <br /> <br />Authorizations. <br /> <br />3.01 The Mayor and the City Manager (the "Officers") <br />are hereby authorized to execute and deliver the Contract when <br />the following condition is met: <br /> <br />Substantial conformance of a Contract to the Contract <br />presented to the City as of this date with such <br />additions and modifications as the Officers may deem <br />desirable or necessary as evidenced by the execution <br />thereof; <br /> <br />Adopted by the Council of the City this 12thday of <br /> <br />April, 1994. <br /> <br />A. T. ..TES. 'r-: .. rJh <br /> <br />/~ >> ~ <br />1',. .w -",__ <br />cift Manager <br /> <br /> <br />~~ <br />