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NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hugo, <br />Minnesota, as follows: <br />1. The City Council hereby approves the First Amendment to Development <br />Agreement between the Developer and the City and the Indemnification Agreement between the <br />Lender and the City in substantially the forms submitted, and the Mayor and City Clerk are <br />hereby authorized and directed to execute the First Amendment to Development Agreement and <br />the Indemnification Agreement on behalf of the City. <br />2. The approval hereby given to the First Amendment to Development Agreement <br />and the Indemnification Agreement includes approval of such additional details therein as may <br />be necessary and appropriate and such modifications thereof, deletions therefrom and additions <br />thereto as may be necessary and appropriate and approved by the City officials authorized by this <br />resolution to execute such agreements. The execution of the First Amendment to Development <br />Agreement and the Indemnification Agreement by the appropriate officer or officers of the City <br />shall be conclusive evidence of the approval of the Agreement in accordance with the terms <br />hereof. <br />The motion for adoption of the foregoing resolution was duly seconded by member <br />Becky Petryk and, after full discussion thereof, and upon a vote being taken thereof, the <br />following voted in favor thereof: <br />Mike Granger, Chuck Haas, Becky Petryk, Frank Puleo, Fran Miron <br />and the following voted against same: NONE <br />Adopted this 5th day of July, 2006. 1 <br />Mayor <br />Attest: l�.t <br />City C <br />1920763vl 2 <br />