HomeMy WebLinkAbout89-039
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Councilmember Hansen
resolution, the reading of which
consent and moved its adoption:
introduced the following
was dispensed with by unanimous
CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION NO. 89-39
A RESOLUTION AUTHORIZING THE CITY ADMINISTRATOR TO NEGOTIATE WITH
TRAMMEL CROW COMPANY FOR THE DEVELOPMENT RIGHTS IN NORTHEAST
1--694/I-35W.
BE IT RESOLVED by the City Council (the "Council") of the
City of Arden Hills, Minnesota (the "City"), as follows:
Section 1. Recita~s.
1.01. The City Council has established Development District
No. 1 and approved and adopted a Development Program relating
thereto, pursuant to and in accordance with Minnesota Statu,tes,
Sections 469.124 to 469.134, inclusive, as amended and
supplemented from time to time.
1.02. The City has created Tax Increment Financing District
No. 2 and has approved and adopted the Tax Increment Financing
Plan relating thereto, pursuant to Minnesota Statut~~, Sections
469.174 through 469.179, inclusive, as amended and supplemented
from time to time.
1.03. The Council has been actively promoting the
development and redevelopment of the property located in
northeast I-694/I-35W, more specifically described in Tax
Increment Financing District No.2 (the "Redevelopment Site").
1.04. Trammel Crow Company (the "Redeveloper") has been
acquiring parcels in the Redevelopment Site. The Redeveloper has
asked the City for sufficient time to negotiate a contract with
the City for the development and redevelopment of the property in
the Redevelopment Site.
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Section 2. Authorization fo~ City Administrator to
Neqotiate with Redeveloper.
2.01. The City Administrator is hereby authorized to
negotiate with the Redeveloper for the development rights to the
Redevelopment Site. The City Administrator shall negotiate
exclusively with the Redeveloper until September 11, 1989;
provided, however, that nothing in this Resolution shall obligate
the City to execute an agreement with the Redeveloper.
Adopted by the Council of the City of Arden Hills this 26th
day of June, 1989.
The motion for the adoption of the
duly seconded by Councilmember Malone
vote being taken thereon, the following
all
foregoing resolution was
, and upon
voted in favor thereof:
and the following voted against the same:
none
Whereupon said resolution was declared duly passed and adopted,
and was signed by the Mayor and attested to by the City Clerk.
--rlM ~
Mayor
ATTEST:
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