HomeMy WebLinkAbout8387 (Res.)
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RESOLUTION NO. 8387
WHEREAS, the Council, having been fully informed with
regard to the Development Agreement made with the Minnesota
Zephyr, including reports with regard to the purchase price paid
by the City to the State of Minnesota for the acquisition of the
Zephyr site and,
WHEREAS, a Development Agreement provides that the City
will sell portions of the acquired real estate to the Zephyr,
pursuant to the Development Agreement for the acquisition costs
incurred by the City in acquiring this parcel.
NOW THEREFORE BE IT RESOLVED:
That the purchase price that should be paid by the
Minnesota Zephyr to the City, pursuant to the terms of the
Development Agreement, is $135,000 and
That Section 2.01 of the Development Agreement is
amended to reflect this change and
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Further, that the deadline to finish the pUblic parking
facility to be constructed by the City pursuant to Section 2.06
of the Development Agreement is set at October 1,1991.
Enacted by the City Council of the City of Stillwater,
this 23rd day of October, 1990.
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Attest:
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Mary Lo
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