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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 05-EDA-206 <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION AUTHORIZING PAYMENT OF PAY-AS-YOU-GO DEVELOPER PAYMENTS TO <br />HEARTLAND-MOUNDS VIEW COMMON BOND AND BRIDGES LEASING COMPANY. <br /> <br />It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds View <br />Economic Development Authority (the "Authority") as follows: <br /> <br />WHEREAS, the EDA has entered into pay-as-you-go development agreements on three <br />properties with the developers of those properties; and, <br /> <br />WHEREAS, first half payments for Pay 2005 regarding two of these agreements are due on <br />August 1 st; and, <br /> <br />WHEREAS, payment of $34,078.73 to Heartland-Mounds View Common Bond for the <br />Silver Lake Pointe project is now appropriate; and, <br /> <br />WHEREAS, payment of $27,423.00 to 21st Century Bank on behalf of Bridges Leasing <br />Company for the Midwest I.V. project is now appropriate. <br /> <br />NOW THEREFORE BE IT RESOLVED, that the Mounds View Economic Development <br />Authority does hereby approve payments of $34,078.73 to Heartland-Mounds View Common Bond, <br />and $27,423.00 to 21st Century Bank on behalf of Bridges Leasing under pay-as-you-go development <br />agreements. <br /> <br />Adopted by the Board of Commissioners of the Mounds View Economic Development <br />Authority this 25th day of July, 2005. <br /> <br />dL~ <br /> <br />Roo Marty, President <br /> <br />ATTEST: <br /> <br />~'G~O <br /> <br />Kurt Ulrich, Executive Director <br /> <br />(s~al) <br />