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• <br />Council Member introduced the following resolution and moved <br />its adoption: <br />CITY OF LINO LAKES <br />COUNTY OF ANOKA <br />RESOLUTION NO. 07 -100 <br />APPROVING A PRELIMINARY DEVELOPMENT AGREEMENT WITH GREG <br />ANDERSON DEVELOPMENT, LLC <br />WHEREAS, the Developer currently controls certain property which is <br />described in Exhibit A hereto (the "Property "); and <br />WHEREAS, the City desires to initiate a Right -of -way realignment project <br />conceptually depicted on Exhibit B hereto (the "Realignment Project ") and <br />promote redevelopment of the Property; and <br />WHEREAS, the Developer has proposed to transfer a portion of the <br />Property needed for the Realignment Project and redevelop the Property for <br />commercial /retail purposes as conceptually depicted as Exhibit C hereto (the <br />"Redevelopment Project "); and <br />WHEREAS, if undertaken and completed, the Realignment Project and <br />Redevelopment Project together would help meet the City's goal of installing <br />efficient and functional infrastructure, increasing the local commercial tax base, <br />providing increased employment and services in the City and meeting the <br />physical development goals of the City. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF LINO LAKES, MINNESOTA: <br />The City of Lino Lakes hereby approves the Preliminary Development <br />Agreement with Greg Anderson Development, LLC. The Mayor and City <br />Administrator are hereby authorized to execute on behalf of the City the Preliminary <br />Development Agreement, and to carry out, on behalf of the City the mutual <br />covenants and obligations set forth herein. <br />Adopted by the Council of the City of Lino Lakes this 9th day of July, 2007. <br />Julianne Bartell, City Clerk <br />John Bergeson, Mayor <br />