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Agenda - Council - 08/26/2003
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Agenda - Council - 08/26/2003
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3/24/2025 3:52:49 PM
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8/25/2003 12:09:06 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
08/26/2003
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Section 22 By the City. The City makes the following representations as the basis for <br /> the undertaking on its part herein contained: <br /> <br /> (a) The City is authorized b~'law to enter into this A~eement and to CatTy OUt its <br />obligations hereunder. <br /> <br /> (b) The City has found that the TIF District is a "redevelopment tax increment <br />financing district," pursuant to M.S. ~469.174. <br /> <br /> (c) The City will, in a timely manner, subject to all notification requirements, review <br />and act upon all submittals and applications of the Developer, and will cooperate with the efforts <br />of the Developer to secure the ~anting of any permit, license, or other approval required, to <br />allow the construction of the Minimum Improvements; provided, however, that nothing <br />contained in tlzis subparagaph shall be construed to emit in any way the reasonable and <br />legitimate exercise of the City's discretion in considering any submittal or application. <br /> <br /> (d) The activities of the City are undertaken for the purpose of fostering the <br />redevelopment of certain real property which, for a variety of reasons, is presently unutilized and <br />underutilized and for the pm-pose of promoting economic development and the creation of <br />'employment opportunities. <br /> <br /> (f') The City will cooperate with the Developer with respect to any litigation, other <br />than litigation in which the City and the Developer are adverse parties, commenced with respect <br />to the TIF Plan, Progam, or Minimum hnprovements. <br /> <br /> (g) The Development Property is properly zoned for the developer's intended use and <br />the Minimum Improvements contemplated by the Construction Plans are in conformity with the <br />Progam and TIF Plan. <br /> <br /> (h) The City has received no notice or communication from any local, state or federal <br />official that the activities of the Developer or the City in the Development District may be, or <br />will be, in violation of any environmental law or regulation (other than those notices or <br />communications of which the Developer is aware). The City is aware of no facts, the existence <br />of, which would cause it to be in violation of, or give any person a valid claim, under any local, <br />state or federal environmental law, regulation or review procedure. <br /> <br /> (i) The City will provide the following financial assistance to the Developer of the <br />Development Property. This assistance will be in an amount of up to $306,96 i. The financial <br />assistance fi'om the City shall be based upon the following calculations: <br /> <br />-122- <br /> <br /> <br />
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