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<br />t <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATg OF MINNESOTA <br /> <br />RESOLUTION NO. 93-124 <br /> <br />A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A CONTRACT FOft <br />PRIVATE REDEVELOPMENT BY AND BETWEEN THE CITY OF NEW BRIGHTON AND <br />LRT, INC. <br /> <br />BE IT RESOLVED by the City Council (the "Counciln) 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 LRT, <br />Inc. (the "Redeveloper"). <br /> <br />Section 2. Findings. <br /> <br />2.01 The Council hereby finds that the Contract <br />promotes the objectives as outlined in its Modified Development <br />Prog~am established pursuant to Minnesota Statutes, Sections <br />469.001 ~ H9:. <br /> <br />2.02 The Council hereby finds that it has approved and <br />adopted Tax Increment Financing District NO. 15 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 />Autborizations. <br /> <br />3.01 The Mayor and the City Manager (the IlOfficers") <br />are hereby authori~ed 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 <br /> <br />day of <br /> <br />, 1993. <br /> <br /> <br />~r: LC { . <br /> <br />ayor ' ~---,-, <br />...... - '." <br /> <br /> <br /> <br />~~. ,..- <br />.. . .".-. <br />.- <br /> <br />. . ...... <br />:...- .: ' -- <br />. -., "p- <br /> <br />.~~. <br /> <br />~- <br /> <br />/' <br /> <br />-' <br />