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<br />~ <br /> <br />! <br /> <br />.. <br /> <br />RESOLUTION NO. 94-024 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION APPROVING AND AUTHORIZING THE PURCHASE OF LAND (543 - 9TH <br />STREET NW). <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 />(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 />(c) In accordance with the stated objective of the Development Program, the City <br />Staff has negotiated a proposed purchase agreement (IJAgreement") involving the <br />purchase of a tract of land fUlly described in the Agreement lying within the <br />Development District and has presented the Agreement to the City Council for its <br />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 22nd day of February, 1994. <br /> <br />d ";)d / <br />~~~/~ ..... .a/::tt~ <br />Robert Benke;Mayor <br /> <br />ATTEST: <br /> <br /> <br />\t '.,' ,t,/l.': . , f'\J <br />\ ,y\ ...,! \ <br />Margaret E an, <br />Finance Dir ctor/City Clerk <br /> <br />(SEAL) <br />