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RESOLUTION 2009 -16 <br />AUTHORIZING <br />EXECUTION OF A DEVELOPMENT AGREEMENT FOR CARPENTERS <br />RESTAURANT <br />WHEREAS, Swanny of Hugo, Inc. (the "Developer") has requested that the City of Hugo, <br />Minnesota (the "City") assist with the financing of certain costs incurred in connection with the <br />demolition of an existing restaurant building and construction of an approximately 8,008 square <br />are foot facility by the Developer in the City to be used as a restaurant facility with adjacent <br />parking (the "Project"). <br />WHEREAS, the Developer and the City have determined to enter into a Development <br />Agreement providing for the City's assistance for the Project (the "Development Agreement"). <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hugo, Minnesota, <br />as follows: <br />1. The City Council hereby approves the Development Agreement in substantially <br />the form submitted, and the Mayor and Administrator are hereby authorized and directed to <br />execute the Development Agreement on behalf of the City. <br />2. The approval hereby given to the Development Agreement includes approval of <br />such additional details therein as may be necessary and appropriate and such modifications <br />thereof, deletions therefrom and additions thereto as may be necessary and appropriate and <br />approved by the City officials authorized by this resolution to execute the Development <br />Agreement. The execution of the Development Agreement by the appropriate officer or officers <br />of the City shall be conclusive evidence of the approval of the Development Agreement in <br />accordance with the terms hereof. <br />IS YVia� zcx7 j <br />ADOPTED by the City Council this 1A& day of fir, 2968 <br />F n, Mayor <br />ATTEST: <br />Michele Lindau, City Clerk <br />