HomeMy WebLinkAboutResolution 68-19~UTHORIZING A CONTRACT WITH APACHE REALTY FUND, A
LIMITED PAi{TNERSHIP, AND AUTHORIZING THE MAYOR AND
CITY MANAGER TO EXECUTE THE CONTRACT.
WHEREAS, the City of Columbia Heights and the Village of St.
Anthony have agreed to enter into a cooperative contract for the
construction of Stinson Boulevard, and
WHEREAS, The Apache Realty Fund has agreed to loan the City of
Columbia Heights the sum of $33,577.52 pursuant to the attached
Loan Agreement.
BE IT HEREBY RESOLVED, by the City Council of the City of
Columbia Heights:
e
That the City Council herein approve the attached Loan
Agreement, which is made a part of this Resolution and
referred to herein as Loan Agreement.
That the Mayor and City Manager are hereby authorized to
execute the Loan Agreement and to bind the City thereby.
That the Mayor and City Manager are hereby authorized to
execute the Note attached hereto and marked as '~Exhibit A".
That the appropriate City Officials supply to Apache Realty
Fund in proper form all documents needed to comply with
Section 3, "Conditions Precedent," of the Loan Agreement.
Passed this 27th day of May, 1968.
Offered by King
Seconded by Logacz
Roi1 Call - Ail Ayes.
Secretary to the Council
~RUCE G. NAWROCKI, Mayor
I hereby certify that the above is a true and correct copy of a
resolution adopted by the City Council of the City of Columbia,
original being on file in the office of the City Clerk for said City.
CLEP~K - TREASURER