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RESOLUTION NO. 97-EDA67 <br />PAGE TWO OF TWO <br />appropriate to execute the same on behalf of the Authority and with any other such additions and <br />modifications as those officers may deem desirable or necessary as evidenced by their execution <br />thereof; provided that the Authority's execution and delivery of the Development Agreement <br />shall be conditioned on the fact that the Developer shall first pay a Park Dedication Fee of <br />$56,771.00. <br />3. Upon execution and delivery of the Development Assistance Agreement, the <br />officers and employees of the Authority (including members ol'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 inay 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 will help realize the public purposes of the Act and are in <br />furtherance of the Project. <br />Adopted by the Board of Conunissioners of the Mounds View Economic Development <br />Authority on August 25, 1997. <br />BY: <br />Duane McCarty, President <br />ATTEST: <br />1 ....._ <br />,C? <br />Cathy Benne , Ex cutive Director <br /> <br />