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Meeting Date: 1/13/93 <br /> Agenda Item: C 3(A) <br /> CITY OF FALCON HEIGHTS <br /> REQUEST FOR COUNCIL CONSIDERATION <br /> ITEM DESCRIPTION: Ratification of Settlement Agreement <br /> with the Commercial State Bank <br /> SUBMITTED BY: Tom Gedde, City Attorney <br /> REVIEWED BY: Susan Hoyt, City Adminstrator <br /> City Council <br /> EXPLANATION /SUMMARY: <br /> Last spring the city council gave the city attorney the authority <br /> to execute a settlement agreement with the Commercial State Bank <br /> on the Stratford Project at an executive session. The city <br /> council reviewed the document prior to the attorney's signature. <br /> The settlement agreement ended pending litigation and provided <br /> for the sale of the Commercial State Bank property to Rottlund <br /> Development. This is a housekeeping item. <br /> ACTION REQUESTED: <br /> Formally approve May 5, 1993 settlement agreement. <br /> ent C onsent.. Cc r e <br />