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EDA RESOLUTION NO. 96-EDA55 <br />PAGE TWO OF TWO <br />2. The Board hereby determines that the Authority's execution of the Agreement and the <br />subsequent acquisition of the Property would be in furtherance of the Project Plan and hereby <br />approves and authorizes said actions, including the execution of the Agreement by the officers of <br />the Authority in their discretion and at such time, if any, as they may deem appropriate.. <br />3. Upon execution and delivery of the Agreement, the officers and employees of the <br />Authority (including members of the City staff, acting in their capacity as staff to the Authority <br />as we11) are hereby authorized and directed to take or cause to be taken such actions as may be <br />appropriate or necessary on behalf of the Authority to implement the Agreement, including th� <br />acquisition of the Property, which is being accomplished for redevelopment purposes. <br />4. The Board hereby determines that the execution and performance of the Agreement and th� <br />acquisition of the Property will help realize the public purposes of the Act and are in furtherance <br />of the Plan. <br />Adopted by the Board of Commissioners of the Mounds View Economic Development Auf.hority <br />on November 12, 1996. <br />ATTEST: <br />(SEAL) <br />President <br />Executive Director <br />