RESOLUTION NO.  6808

 

            AN RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A DEVELOPMENT AGREEMENT AMONG THE CITY, FREE STATE GROUP, LLC AND FREE STATE HOLDINGS, INC.

 

            WHEREAS, on October 21, 2008, the Governing Body of the City of Lawrence, Kansas (the “City”) adopted Ordinance No. 8339 creating the Free State Transportation Development District pursuant to K.S.A. 12-17,140 et seq.; and

 

            WHEREAS, also on October 14, 2008, the Governing Body of the City adopted Resolution No. 6806 creating an improvement district including the real property also included in the Free State Transportation Development District, pursuant to K.S.A. 12-6a01 et seq.; and

 

            WHEREAS, the Governing Body hereby finds and determines it to be advisable to enter into a development agreement with Free State Group, LLC and Free State Holdings, Inc. to address certain issues related to the Free State Transportation Development District and the related improvement district.

 

            NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY  OF LAWRENCE, KANSAS, AS FOLLOWS:

 

            SECTION 1.  Approval of Development Agreement.  The Development Agreement among the City and the parties thereto is hereby approved in substantially the form presented to and reviewed by the City Commission at this meeting, with such changes therein as shall be approved by the officers of the City executing such document, such officers’ signatures thereon being conclusive evidence of their approval thereof and the Mayor and City Clerk are herby authorized to execute and deliver such document.

 

            SECTION 2.  Effective Date.  This Resolution shall take effect and be in full force from and after its passage by the Governing Body of the City.

 

            ADOPTED by the Governing Body of the City this _______ day of October, 2008.

 

 

 

                                                                                                                                                           

                                                                                    Michael Dever, Mayor

(SEAL)

 

 

                                                                                   

Frank S. Reeb, City Clerk

 

 

APPROVED AS TO FORM AND LEGALITY:

 

 

 

                                                                                   

Toni Ramirez Wheeler, Director of Legal Services