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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. OO-EDA-148 <br />P AGE 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) arc 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 determines that the execution and <br />performance 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 ofS155,000 in tax increment funds to purchase <br />and rehabilitate the property located at 3016 County Road H2 for redevelopment purposes. <br /> <br />Adopted by the Board of Commissioners of the Mounds View Economic Development <br />Authority this 14th day of May 2001. <br /> <br />~- <br /> <br />Rich Sonterre, President <br /> <br />ATTEST: <br /> <br />~ Re~3:cutive Director <br /> <br />Motion: Commissioner Quick <br /> <br />Second: President Santerre <br /> <br />Santerre: A <br />Stigney: N <br />Quick: A <br />Marty: A <br />Thomas: A <br />