HomeMy WebLinkAboutResolution No. 07-03 EDALINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 07-03
RESOLUTION AUTHORIZING EXECUTION OF A
TAX INCREMENT PLEDGE AGREEMENT WITH THE
CITY OF LINO LAKES RELATING TO
$4,215,000 GENERAL
OBLIGATION TAX INCREMENT BONDS, SERIES 2007A
BE IT RESOLVED by the Board of Commissioners (the "Board") of the Lino Lakes
Economic Development Authority (the "Authority"), as follows:
1. The President and Executive Director of the Authority are hereby authorized to
execute and deliver a Tax Increment Pledge Agreement with the City of Lino Lakes, Minnesota (the
"City") substantially in the form on file in City Hall, providing for the pledge of tax increment for
the payment of the principal of, premium, if any, and interest on, the City of Lino Lakes, Minnesota
$4,215,000 General Obligation Tax Increment Bonds, Series 2007A.
2. This resolution shall be effective as of the date hereof.
.-� Adopted this 25th day of June, 2007.
Vice President
Attest:
Secretary
312698v1 SJB LN140-100
CITY OF LINO LAKES
CERTIFICATION
LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 07-03
STATE OF MINNESOTA)
COUNTY OF ANOKA) SS
CITY OF LINO LAKES)
I, Julianne Bartell, City Clerk of the City of Lino Lakes, in the County of Anoka and State
of Minnesota, certify that I have examined the attached copy of Resolution No. 07-03,
authorizing execution of a tax increment pledge agreement with the City of Lino Lakes relating
to $4,215,000 General Obligation Tax Increment Bonds, Series 2007A, approved by the
Economic Development Authority on June 25, 2007, and have carefully compared the same with
the original on file in this office, and that the attached copy is a true, correct and complete copy
of the original.
IN WITNESS WHEREOF, I have signed and affixed the
city seal on June 26, 2007.
City Clerk
600 Town Center Parkway, Lino Lakes, MN 55014
Phone: 651-982-2400 Fax: 651-982-2499