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<br />. <br /> <br />. <br /> <br />. <br /> <br />furtherance of the Project plan and hereby approves the Development <br />Agreement substantially in the form presented to the Board and <br />hereby authorizes the officers of the Authority in their discretion <br />and at such time, if any, as they may deem appropriate to execute <br />the same on behalf of the Authority, with such additions and <br />modifications as those officers may deem desirable or necessary, as <br />evidence by their execution thereof. <br /> <br />3. Upon execution and delivery of the Development Agreement, <br />the officers and employees of the Authority (including members of <br />the City staff, acting in their capacity as staff to the Authority <br />as well) are hereby authorized and directed to take or cause to be <br />taken such actions as may be appropriate or necessary on behalf of <br />the Authority to implement the Development Agreement, including <br />without limitation issuance of the EDA Note and execution of the <br />Certificate of Completion under the Development Agreement. <br /> <br />4. The Board hereby determines that the execution and <br />performance of the Development Agreement will help realize the <br />public purposes of the Act and are in furtherance of the Project <br />Plan. <br /> <br />Adopted by the Board of Commissioners of the Mounds View Economic <br />Development Authority June 27, 1994 <br /> <br />Attest: <br /> <br /> <br />(SEAL) <br /> <br />Execu <br />