HomeMy WebLinkAbout1993-110
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RESOLUTION NO. 93-110
WHEREAS, the city has created, adopted and approved, pursuant
to the Minnesota Development Districts Act, as amended, Development
District Number 1, and has established Tax Increment Financing
District Number 6, pursuant to the Minnesota Tax Increment
Financing Act; and has prepared and approved a Tax Increment
Financing Plan for the Development District; and, in furtherance of
the Plan, the city has met and conferred with SuperValu Inc., in an
effort to maintain the presence of superValu Inc., in the City
since its continued presence in the city is important to the
overall economy of the city and to the enhancement of the tax base
of the city because of the jobs provided by superValu; and,
WHEREAS, in furtherance of these objectives, a contract has
been developed by representatives of SuperValu and the City and a
draft of the contract as approved by the city Attorney and by
SuperValu has been presented to the Council for review.
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
1. That the form of Development Agreement as submitted to the
City Council and as drafted and prepared by the City Attorney be,
and the same hereby is, approved; and,
2. That the City Attorney is authorized to make any
appropriate scrivener's changes in the document prior to its
execution that are needed and necessary to accomplish the purposes
of the agreement; and,
3. The Mayor and City Clerk are hereby authorized on behalf
of the city and empowered to execute the Agreement as approved.
Enacted this 15th day of June, 1993.
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Gar n~e, Act~ng Mayor
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