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RESOLUTION NO. 91-106
APPROVING FINANCING AGREEMENT
FOR OAK GLEN DEVELOPMENT
WHEREAS, Minnesota Laws 1991, Chapter 291, Article 21, Section 21, authorizes
the City to enter into an agreement wi~the owner and all persons owning
mortgages on the property described in the Bill; and
WHEREAS, a draft of agreement has been prepared by the law firm of Dorsey and
Whitney, and reviewed and approved by various city staff, and the draft has
been attached to this resolution as Exhibit "A".
NOW, THEREFORE, be it resolved that the form of agreement set forth in Exhibit
"A" is hereby approved and the Mayor and the Clerk are hereby authori zed to
execute the document on behalf of the City.
Adopted this 4th day of June, 1991.
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ATTEST: Jv-; ~
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