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RESOLUTION NO. 97-EDA67 <br />' PAGE TWO OF TWO <br />appropriate to execute the same on behalf of the Authority, with modification to Section 3.4 (c) <br />to extend the date of substantial completion from December 31, 1999 to December 31, 2002, <br />and with any other such additions and modifications as those officers may deem desirable or <br />necessary as evidenced by their execution thereof; provided that the Authority's execution and <br />delivery of the Development Agreement shall be conditioned on the fact that the Developer and <br />City shall first successfully negotiate a mutually acceptable Park Dedication Fee. <br />3. Upon execution and delivery of the Development Assistance Agreement, the <br />officers and employees of the Authority (including members of the City staff, acting in their <br />capacity as staff to the Authority as well) are hereby authorized and directed to take or cause to <br />be taken such actions as may be appropriate or necessary on behalf of the Authority to implement <br />the Development Assistance Agreement, including without limitation issuance of the EDA Note <br />and execution of the Certificate of Completion under the Development Assistance Agreement. <br />4. The Board hereby determines that the execution and performance of the <br />Development Assistance Agreement as amended will help realize the public purposes of the Act <br />and are in furtherance of the Project. <br />Adopted by the Board of Commissioners of the Mounds View Economic Development <br />Authority on August 25, 1997. <br />--~.\ <br />,-~ G~ <br />BY: <br />Duane McCarty, President <br />ATTEST: <br />Cathy Bennett, Executive Director <br />n <br />