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CITY OF HUGO <br />RESOLUTION 2001- 50 <br />AUTHORIZING THE MAYOR AND CITY CLERK TO SIGN A TIF AND <br />PURCHASE AGREEMENT FOR THE SALE OF PROPERTY TO SCHWIETERS <br />CONSTRUCTION <br />WHEREAS, Schwieters Construction has requested that the City enter into a purchase <br />agreement and option agreement with Schwieters Construction for property legally <br />described as follows: <br />Lot 2, Block 1, Schwieters Millwork <br />WHEREAS, pursuant to the Municipal Development District Act, the City has <br />established Development District No. 1, which boundaries are contiguous with the City's <br />corporate limits, for the purpose of promoting commercial and industrial development <br />with the City; and, <br />WHEREAS, the City desires to enter into TIF and Purchase Agreements with various <br />businesses to sell or otherwise make available lots for development within the Bald Eagle <br />Industrial Park. <br />NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF <br />THE CITY OF HUGO, MINNESOTA, that it should and hereby does authorize the <br />Mayor and City Administrator to sign a TIF and Purchase Agreement for Lot 2, Block 1, <br />Schwieters Millwork, as contained in the draft agreements dated 2001. <br />ADOPTED by the City Council this 5th day of September 2001. <br />STATE OF MINNESOTA) <br />COUNTY OF WASHINGTON) SS <br />The undersigned, being the duly qualified and appointed City Clerk of the City of Hugo, <br />Minnesota, certifies that I compared the foregoing resolution adopted at a meeting of the <br />Hugo City Council on September 5, 2001, with the original thereof on file in my office, <br />and the same is a correct transcription thereof. <br />WITNESS my hand 9flicially as such City Clerk and the Corporate Seal of the City this <br />,� day. of <br />City Clerk <br />