Resolution 03-EDA172 - Laserfiche WebLink

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. RESOLUTION NO. 03-EDA-172 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION AUTHORIZING PAYMENT OF PAY-AS-YOU-GO DEVELOPMENT PAYMENTS TO RED CENT MANAGEMENT, LLC; HEARTLAND-MOUNDS VIEW COMMON BOND; BRIDGES LEASING COMPANY; AND KENMARK PARTNERSHIP,LLP. It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds View Economic Development Authority (the "Authority") as follows: WHEREAS, the EDA has entered into pay-as-you-go development agreements on five properties with the developers of those properties; and, WHEREAS, second half payments for Pay 2002 regarding four of these agreements were due on February 1 st; and, WHEREAS, payment of $7,617.13 to Red Cent Management, LLC (The Everest Group), for the C.G. Hill project is now appropriate; and, WHEREAS, payment of $13,429.88 to Red Cent Management, LLC (The Everest Group), for the Building N project is now appropriate; and, . WHEREAS, payment of $18,397.18 to Heartland-Mounds View Common Bond for the Silver Lake Pointe project is now appropriate; and, WHEREAS, payment of $27,423.00 to 21st Century Bank on behalf of Bridges Leasing Company for the Midwest I.V. project is now appropriate; and, WHEREAS, payment of $8,118.71 to Kenmark Partnership, LLP for the Zep Manufacturing project is now appropriate. NOW THEREFORE BE IT RESOLVED, that the Mounds View Economic Development Authority, that payments of $7,617.13 and $13,429.88 to Red Cent Management, LLC, $18,397.18 to Heartland-Mounds View Common Bond, $27,423.00 to 21st Century Bank on behalf of Bridges Leasing, and $8,118.71 to Kenmark Partnership under pay-as-you-go development agreements may be made the week of March 10th and subsequently included on the March 24, 2003 Just and Correct Claims List. Adopted by the Board of Commissioners of the Mounds View Economic Development Authority this 10th day of March 2003. ATTEST: '.J~ ~- James Ericson, Interim Executive Director (seal) .