HomeMy WebLinkAboutResolution No. 252-15 - LifeLutheranChurch.SuppAgre#1RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City execute a
Supplemental Agreement #1 for the Life Lutheran Church Development Agreement for property
identified as Lot 1, Block 1, Life Lutheran Church.
BE IT FURTHER RESOLVED that the City Clerk certify with the Olmsted County Auditor for
collection with property taxes for the property over five years at 5.5% simple interest with the first
payment being due with collection of the 2016 property taxes. Interest will start to accrue from the
date of Council approval authorizing execution of this Agreement.
The Mayor and the City Clerk are authorized and directed to execute this supplemental
agreement on behalf of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS DAY OF , 2015.
ATTEST:
PRESIDENT OF SAID COMMON COUNCIL
CITY CLERK
APPROVED THIS DAY OF , 2015.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res15\SuppAgr\18