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<br />. <br /> <br />. <br /> <br />. <br /> <br />I/q <br />RESOLUTIO~ #99-EDA-)J1J <br />P AGE TWO OF TWO <br /> <br />Section 2. Resolved. <br /> <br />2.01 The Board hereby determines that the Authority's execution of the First <br />Amended and Restated Construction and Removal Agreement (the '"First Amended <br />AgreemenCl would be in furtherance of the Project Plan amI the lIousing Replacement <br />Program and hereby approves and authorizcs the execution of said First Amcnded Agreement <br />by the officers of the Authority in their discretion and at such time, if any, as they may deem <br />appropri ate. <br /> <br />2.02 Upon execution and delivery of the Agreemcnt, and, upon issuance of a final <br />Certificate of Occupancy for the house, thc officers and employees of the Authority (including <br />members of the City Staff, acting in their capacity as staff to thc Authority as \vell) are hereby <br />authorized and directed to pay for the dcmolition according to the specifications as statcd in <br />the First Amended Agreemcnt, which is being accomplished for redevelopment purposcs. <br /> <br />2.03 That the Board of the Authority hereby resolves that the cxecution and <br />performance of the First Amcnded Agrcement for redevelopment of thc Propel1y will help <br />rcalizc the public purposes of the Act and are in furthcrance of the Project Plan and the <br />Housing Replacement Program and authorizes thc President and Executive Dircctor to <br />appropriate a maximum of $1 0,000 in tax increment funds to pay for the demolition of the <br />building on the property locatcd at 8300 Fairchild A venue. <br /> <br />Adopted by the Board of Commissioners of the Mounds View Economic Development <br />Authority this 22nd day of November, 1999. <br /> <br />/~; /,,' 1..../ <br />(__c{j~;~~/ ()>---_ <br />\'. D~ll Cougl\1-in; ~sident <br /> <br />ATTEST: <br /> <br />, /;- <br />~A'l/ /' <br /> <br />~~xecu(Tve Director <br /> <br />N:\Il_\TNGRO{ ;[>S\[C! l"-Lll:V\FI1_\\RESOLl ;'1 [ONS\RE:; ')f)\RES'l')-ll ') DOC <br />