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<br />~ <br /> <br />!i <br /> <br />I 2. <br />'< <br />I <br />i <br />41 <br />Ii <br />;! <br /> <br /> <br />"" <br /> <br />RESOLUTION NO. 92-086 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION APPROVING AND AUTHORIZING THE PURCHASE OF LAND (619 - 10TH <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 and <br />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 for <br />development. <br />(c) In accordance with the stated objective of the Development Program, the City Staff <br />has negotiated a proposed purchase agreement ("Agreement") involving the purchase <br />of a tract of land fully described in the Agreement lying within the Development <br />District and has presented the Agreement to the City Council for its consideration. <br /> <br />The City Council hereby approves the Agreement in substantially the form presented and <br />hereby authorizes the Mayor and City Manager to execute the same on behalf of the City <br />with such additions or modifications as those officers may deem necessary, as evidenced by <br />their execution thereof, provided, however, that the authority hereby granted shall not be <br />deemed effective until the following conditions have been met: <br />i. A contract for private development by and between the City of New Brighton <br />and Charles E. Stark (New Brighton Lumber Company) is executed by Charles <br />E. Stark. <br />ii. Financing for construction of facilities as provided for in the Contract for Private <br />Development by and between the City of New Brighton has been obtained. <br /> <br />Upon execution of the Agreement as herein authorized, the officers and employees of the <br />City are hereby authorized and directed to take all actions as are necessary to satisfy the <br />City's obligations under the Agreement. <br /> <br />Adopted. this 25th day of August, 1992. <br /> <br />~J- <br /> <br />Robert Benke, ayor <br /> <br />r:.~, '- <br />, '{I ~," <br />J\.,'" r \ ~&,~- <br /> <br />David M. Childs, City Manager <br /> <br />ATTEST: <br /> <br />:~ <br /> <br />Finance Director/City Clerk <br /> <br />i (SEAL) <br /> <br />II <br />