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<br />e <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 />evidenced 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 Comm~s~ioner,s of the Mounds View <br />Economic Development Authority on ~ f~ , 1997. <br /> <br />9:~{U~ - <br /> <br />President <br /> <br />ATTEST: <br />,... . 1 <br />(, i <br />I I. i <br />li<Jfi ^f1~~>LcJ-- <br />E~ecuti* birector <br />v' / <br />I <br /> <br />346932.2 <br />