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<br />. <br /> <br />, <br /> <br />e <br /> <br />redevelopment of the project area by private enterprise in that the intent is to <br />provide only that public assistance necessary to make the private developments <br />financially feasible, <br /> <br />4. Conditioned upon the approval thereof by the City Council following its <br />public hearing thereon, the Project Plan Modification, as presented to the EDA on <br />this date, is hereby approved, established and adopted and shall be placed on <br />file at the City's Community Development Department. <br /> <br />5, Upon approval of the Project Plan Modification by the City Council, the <br />staff. the EDA's advisors and legal counsel are authorized and directed to <br />proceed with the implementation of the Project Plan Modification and for this <br />purpose to negotiate. draft, prepare and present to this Board for Its <br />consideration all further modifications, resolutions. documents and contracts <br />necessary for this purpose. Approval of the Project Plan Modification does not <br />constitute approval of any project or a Development Agreement with any <br />developer. <br /> <br />6. Upon approval of the Project Plan Modificatlon by the City Council, <br />staff of the City is authorized and directed to forward a copy of the Project Plan <br />Modification to the Minnesota Department of Revenue pursuant to Minnesota <br />Statutes 469,175. Subd. 4a. <br /> <br />7. The staff of the City is authorized and directed to forward a copy of the <br />Project Plan Modification to the Ramsey County Auditor. <br /> <br />Adopted this 28th day of June, 2004 by <br />the Mounds View Economic <br />Development Authority <br /> <br />'~---- /.A~~ <br />/'~ <br />'Serry " ~,P~~ident <br />/ ,/ <br />. /U{;LI)v- <br /> <br />Kurt'Ulrich, Executive Director <br />