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86-110
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86-110
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8/9/2005 11:46:31 AM
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8/9/2005 10:34:01 AM
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<br />') , <br />:,.!': . <br />.:. , )' ~" <br />"". , <br />, ',' ,'- <br />., . <br />'.4~ "" <br /> <br /> <br />,'". <br /> <br />RESOLUTION NO. 86-110 <br /> <br />A RESOLUTION APPROVING AND AUTHORIZING THE <br />EXECUTION OF A CONTRACT FOR PRIVATE DEVELOP- <br />MENT WITH .JA~:ES \L SENDEN AND LESLI EM.~ SENDEN. <br /> <br />It is hereby resolved by the City Council of the City of <br />New Brighton, Minnesota (the "City"), as follows: <br /> <br />1. Recitals. <br /> <br />(a) The City has the powers provided in Minnesota <br />Statutes, Chapter 472A, as amended (the "Act"). <br /> <br />(b) Pursuant to and in furtherance of the ob jec- <br />tives of the Act, the City has undertaken a program to <br />promote development of certain land within the City and <br />in this connection is engaged in carrying out its de- <br />velopment project kno'Nn as Development District No. 1 <br />(the "Development District") in an area (the "Project <br />Area~) located in the City. <br /> <br />(c) There has been approved by the City Council, <br />pursuant to the Ac~, a Development Program for the De- <br />velopment Distr ict, as amended (the "Development Pro- <br />gram"). <br /> <br />(d) The acquisition and the subsequent sale or <br />lease of the potential development property to private <br />developers for development are stated objectives of the <br />Developmf:nt Program. <br /> <br />(e) In order to achieve the objectives of the <br />Development Program a~d particularly to make the land in <br />the Project Area available for development by private <br />enterprise in conformance with the Development Program, <br />toe City has deter~lned to provide substantial aid and <br />assistance in connection with the Development Program <br />through the financing of certain of the public costs of <br />development in the Project Area. <br /> <br />( f ) James ~J. Send en and Les 1 i e M. Senden <br />presented the City with a proposal for the construction. <br />within the Project Area of an approximately 12,600 <br />square foot office facility, and a certain Contract for <br />pr ivate Development between the Ci ty and said persons <br />(the "Development Agreement"), stating the terms and <br />conditions of such development and the City's responsi- <br />bilities respecting the assistance thereof, has been <br />presented to the City Council for its consideration. <br />
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