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Resolution 99-EDA112
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Resolution 99-EDA112
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Last modified
8/10/2022 11:15:33 AM
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2/2/2007 9:20:40 AM
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MV EDA
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Resolutions
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<br />. <br /> <br />. <br /> <br />. <br /> <br />.. <br /> <br />or necessary, as evidenced by their execution thereof; provided that the Authority's <br />execution and delivery of the Development Agreement shall be conditioned on the <br />Developer's payment of the Park Dedication Fee of $56,771.00. <br /> <br />3. Upon execution and delivery of the amended Development Agreement, the <br />officers and employees of the Authority (including members of the City staff, acting in <br />their capacity as staff to the Authority as well) are hereby authorized and directed to <br />take or cause to be taken such actions as may be appropriate or necessary on behalf <br />of the Authority to implement the amended Development Agreement, including without <br />limitation issuance of the EDA Note and execution of the Certificate of Completion <br />under the amended Development Agreement. <br /> <br />4. The Board hereby determines that the execution and performance of the <br />amended Development Agreement will help realize the public purposes of the Act and <br />are in furtherance of the Project Plan. <br /> <br />5. Upon its execution, and by agreement of the parties thereto, the Development <br />Assistance Agreement [4/26/99 draft] referred to herein shall supersede and nullify any <br />Development Assistance Agreement(s) regarding Building "N" that may have been <br />previously executed by said parties. <br /> <br />6. The final execution of the aforesaid Development Assistance Agreement shall <br />be contingent upon the Developer's execution of a Mutual Release of All Claims that <br />has been prepared the EDA's legal counsel. <br /> <br />Adopted by the Board of Commissioners of the Mounds View Economic Development <br />Authority on April 26, 1999. <br /> <br />-~J' ~ ~? 1 /~ <br />.{ _ ,'1 (/ / . _(f;f'/ li/ --'..;r; .~J/- ' <br />Dan Coughlin, President} <br />Cif,~ <br /> <br />ATTEST: <br /> <br />(SEAL) <br /> <br /> <br />Charles S. Whitin ..' Executive Director <br /> <br />N:\DA T A\GROUPS\ECONDEV\EDA-EDC\EDA\RES99\RS99-112. DOC <br />
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