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<br />. <br /> <br />RESOLUTION NO. OO-EDA-134 <br />PAGE TWO OF TWO <br /> <br />the Authority (including members of the City Staff, acting in their capacity as staff to the <br />Authority as well) are hereby authorized and directed to take or cause to be taken such actions <br />as may be appropriate or necessary on behalf of the Authority to implement the Agreement, <br />including the acquisition of the Property, which is being accomplished for redevelopment <br />purposes. <br /> <br />2.03 That the Board of the Authority hereby deternlines that the execution and <br />perfonnance of the Agreement and acquisition of the Property will help realize the public <br />purposes of the Act and are in furtherance of the Project Plan and authorizes the President and <br />Executive Director to appropriate a maximum of $130,000 in tax increment funds to purchase <br />and rehabilitate the property located at 7861 Groveland Road for redevelopment purposes. <br /> <br />Adopted by the Board of Commissioners of the Mounds View Economic Development <br />Authority this 25th day of September 2000. <br /> <br />: <br /> <br />/--... /- /~ <br />/ '\' ( /./' i ('\____ <br />/ ,A.....JJ-t'\ .,.<..( I H",~...e"11 "- ~ ' <br />,1 \ / --...... -...........-..~ <br />I - ,.../, I <br />, Dan Coughlm, Presldent <br />~ ,/ '---./ <br /> <br />---- <br /> <br />. ATTEST: <br /> <br />/ <br />(~ynL '--lrCJ0L- <br />Kathl en Miller, Executive Director <br /> <br />. <br /> <br />N :\DATA \GROlJPS\ECO::\DEV\EDNRcsolutions\Res OO\RcsOO-134.doc <br />