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85-7118R63 RESOLUTION NO. 7118 RESOLUTION APPROVING CONTRACT FOR PRIVATE DEVELOPMENT WITH PALSCO, INCORPORATED WHEREAS, the City of Richfield has received a proposed document entitled "Contract For Private Development" (Contract), which is on file in the office of the City Clerk for inspection; and WHEREAS, the City Council has reviewed the Contract and determines that such is in the best interests of the City and service the health, safety and general welfare of the community. NOW, THEREFORE, BE TT RESOLVED BY City Council of the City of Richfield that the Contract is hereby approved and the Mayor and City Manager are hereby authorized and directed to execute the same on behalf of the City of Richfield. Passed by the City Council of the City of Richfield, Minnesota this 9th day of December, 1985.