HomeMy WebLinkAboutCity Council Resolution 1988-676tjp. t-14
CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a _regular meeting of the City Council of
the City of Plymouth, Minnesota, was held on the 3rd day of October , 1988.
The following members were present: Mayor Schneider, Councilmembers Vasiliou,
Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-676
AUTHORIZING MAYOR AND CITY MANAGER TO EXECUTE DEVFLOPMENT AGREEMENT
WITH SECOND RN',';TIL, A MINNESOTA LIMITED PARTNERSHIP
WHEREAS, Development District No. 3 and Tax Increment Financing District 3-3 have been
established by the City Council to provide the means for the undertaking of certain
improvements to facilitate development of the property located in those districts; and
WHEREAS, the City Manager and City Attorney have negotiated a development agreement
with Second RNWNL, a Minnesota limited partnership, for the development of certain
lands lying within Development District No. 3 and Tax Increment Financing District 3-3;
and
` WHEREAS, the City Manager and City Attorney have reviewed the proposed development
agreement with Second RNWNL, a Minnesota limited partnership, and recommend approval.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA
as follows:
1. The City Council finds that the projects proposed in the development agreement
are consistent with, and in furtherance of, the purposes for which the
Districts were established and in the best interests of the City of Plymouth.
2. The Mayor and City Manager are authorized to execute the development agreement
on behalf of the City and to take such other acts as are reasonably necessary
to effectuate the terms of the agreement.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the
follow ng voted In favor thereof: Mayor, chneider, Councilmembers Vasiliou,
Ricker. Zitur and Sisk
The following voted against or abstained: done
Whereupon the Resolution was declared duly passea and adopted.