HomeMy WebLinkAbout8301 (Res.)
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RESOLUTION NO.
8301
APPROVING AGREEMENT AND AUTHORIZING MAYOR AND CLERK
TO EXECUTE THE AGREEMENT IN BEHALF OF THE CITY
WHEREAS, an Agreement has been prepared between the City of
Stillwater, Washington County, Minnesota, and the American
National Bank and Trust Company providing for, among other
things, assurances from the City that all real estate taxes and
special assessments in arrears or payable in 1990 owing on the
Oak Glen Golf Course property would be paid in the event a sale
is made of substantial property of the Oak Glen Limited
Partnership to, among other parties, Bruggeman Construction
Company and u.s. Homes, in accordance with the principles
outlined in the report of the Oak Glen Negotiating Committee
approved by the City Council on June 5, 1990, and
WHEREAS, this Agreement, attached hereto
been approved by Bond Counsel and the
execution,
as Exhibit "A," has
City Attorney for
NOW, THEREFORE, BE IT RESOLVED, that:
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1. The form of agreement between the City of Stillwater
and American National Bank and Trust Company attached as Exhibit
"A" be and the same hereby is approved.
2. The Mayor and the Clerk of the City of Stillwater are
hereby authorized to sign and execute these documents and the
City Attorney is authorized to deliver them to the appropriate
signatories and other parties of interest.
Adopted by the City Council this 19th day of June, 1990.
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Attest:
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