90-115
.
.
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RESOLUTION NO. 115-90
RESOLUTION APPROVING AMENDED ASSESSMENT AGREEMENT
AND ASSESSOR'S CERTIFICATION
BY AND BETWEEN THE CITY OF SHOREWOOD, MINNESOTA
AND SHERMAN-BOOSALIS INTERESTS, INC.
WHEREAS, the City Council of the City of Shorewood passed Resolution
No. 36-90 on 23 April 1990, Designating and Establishing Development District
No.1; Establishing Tax Increment Financing District No. 1 Located Within
Development District No.1; and Approving and Adopting the Development
District Program for Development District No. 1 Including Tax Increment
Financing Plan for Tax Increment Financing District No.1; and
WHEREAS, Subsection 2.07 of such Development Program provides for
the City to enter into an Assessment Agreement for the property included in
the Development District; and
WHEREAS, the City Council passed Resolution No. 60-90 on June 25,
1990, approving such Assessment Agreement; and
WHEREAS, the City Council is now desirous of amending such
Assessment Agreement in order to modify certain terms and conditions
contained therein.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Shorewood as follows:
1.
Assessment
Shorewood,
approved.
That the Contract attached hereto entitled II Amended Contract for
Agreement and Assessor's Certification By and Between City of
Minnesota and Sherman-Boosalis Interests, Inc. ", is hereby
2. That the Mayor and City Clerk are hereby authorized to execute
said Contract on behalf of the City Council.
ADOPTED BY THE CITY COUNCIL of the City of Shorewood this
8th day of October, 1990.
~TEST: C (j)r.~f
\ w t. ~~.:,A_1-
· L urence E. Whittaker
City Administrator/Clerk
Roll Call Vote:
Ayes - Haugen, Brancel, Gagne, Watten
Nays - 0