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<br />. <br /> <br />. <br /> <br />. <br /> <br />Increments are further made subject and junior in lien to all <br />unpaid pledges or other outstanding commitments heretofore made <br />for such tax increments. In discharging its obligations under <br />this A.greement, the EDA expressly reserves the rights (1) to <br />pledge or otherwise dedicate the Available Tax Increments to <br />purpo~:es other than the discharge of the obligations described <br />above upon a finding by the EDA that the estimated Available Tax <br />Increments then remaining will be sufficient from year to year <br />for SLch purposes, and (2) to satisfy its obligations hereunder <br />from year to year from such eligible tax increment districts or <br />other revenues, or combinations thereof, as the EDA may deem in <br />its discretion to be appropriate, desirable or necessary, as may <br />be permitted by law. <br /> <br />~:. An executed copy of this Agreement shall be filed with <br />the Director of Property Taxation of Ramsey County, Minnesota, as <br />required by Minnesota Statutes, Section 469.178, Subdivision 2. <br /> <br />~'. This Agreement shall become effective upon the actual <br />issuance and delivery of the Bonds. <br /> <br />IN WITNESS WHEREOF, the City and the EDA have caused this <br />Agreement to be duly approved and executed as of the day and year <br />first above written. <br /> <br />(SEAL) <br /> <br />CITY OF MOUNDS <br />..___-----7 <br />BY:- /~/ <br />/~/~~ . <br />, By / /_ /.A / ~ L <br />'Its Interim C' Y Clerk- <br />Administrator <br /> <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT <br />AUTHOllLT7__ ~ <br /> <br />ByC;~7L ~ <br />~~ presi~ent - <br /> <br />BYfi / ~/L--2L <br />ts Interim ExeCutive Director <br /> <br />31 1 082. 1 <br />