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: _ _ . ... r- _ _____ _ __ : _ � <br />_ . : _>_ _, _ _..__ _ � _ <br />„ _ _ _ _ _ _ _ _ _ _. _: _-_ <br />-- =� - - ----, - -- _ i <br />furtherance of the Project plan and hEreby approves th� D2velopment <br />Agreement substantially in the form presented to the Board and <br />here�y authorizes the officers of the Authority in their discretion <br />and at such time, if any, as tney may deem appropriate to execute <br />the same on behalf of the Authority, with such additions and <br />modifications as those officers may deem desirable or necessary, as <br />evidence by their execution thereof. <br />3. Upon execution and delivery af the Development Agreement, <br />the officers and employees of the Authority (including members of <br />the City staff, acting in their capacity as staff to the Authority <br />as well) are hereby authorized and directed to take or cause to be <br />taken such actions as may be appropriate or necessary on behalf of <br />the Authority to implement the Development Agreement, including <br />without limitation issuance of the EDA Note and execution of the <br />Certificate of Completion under the Development Agreement. <br />4. Approval of the Development Agreement is contingent upon <br />the successful resolution with the City of the Park Dedication fee <br />payment and payment amounts. <br />5. The Board hereby determines that the execution and <br />performance of the Development Agreement will help realize the <br />public purposes of the Act and are in furtherance of the Project <br />Plan. <br />Adopted by the Board of Commissioners of the Mounds View Economic <br />Development Authority June 27, 1994 <br />Attest: <br />President <br />(SEAL) <br />E�ecutive Director <br />