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<br />. <br />f"~ _ ~~ <br /> <br />.. <br /> <br />r\ <br /> <br />RESOLUTION NO. 89-....21- <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />, RESOLUTION AUTHORIZING THE SALE OF PROPERTY IN TAX <br />, INCREMENT FINANCING DISTRICT NO. 6 TO CBA RESIDENTIAL <br />DEVELOPMENT, LTD. <br /> <br />WHEREAS, on December 22, 1981, the City Council established <br />Development District No. 1 and set forth public purposes and objectives <br />for this District; and <br /> <br />WHEREAS, on April 26, 1985, the City Council expanded <br />Development District No. 1 to include the property described in Exhibit <br />A; and <br /> <br />WHEREAS, on April 26, 1985, the City Council established Tax <br />Increment Financing District No. 6 which includes the property <br />, described in Exhibit A; and <br /> <br />WHEREAS, on January 27, 1988, the City of New Brighton and CBA <br />Residential Development, Ltd. entered into a development agreement for <br />a townhouse project on the property described in Exm,bit A. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br />THE CITY OF NEW BRIGHTON AS FOLLOWS: <br /> <br />1. The property described in Exhibit A is hereby authorized to be <br />sold to CBA Residential Development, Ltd. in accordance with <br />the development agreement between the City and CBA. <br /> <br />Adopted this 25th day of July, 1989. <br /> <br />-~. <br />Robert Benk, ayor <br /> <br />ATTEST: <br /> <br />j^ rr C'{'/'^' <br />,\Jo_A.AJ.-k, I 1 \ < -V);~S,(4 <br />David M. Childs, City Manager <br /> <br />! f\ --- - <br /> <br />\~\\\1~. <br /> <br />MargBre\ E~ri,... <br />Finance D~reetor! City Clerk <br /> <br />,'.(SEAL) <br />