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<br />. <br /> <br />. <br /> <br />. <br /> <br />of state law, and take all the steps necessary to bring the lowest responsible bids before the <br />Council for contract awards. <br /> <br />BE IT FURTHER RESOLVED, that the Council authorizes the Mayor and City Clerk- <br />Administrator to enter into a loan agreement with the EDA for a loan to the City by the EDA <br />of up to 4.5 million in tax increment funds to finance the City's costs in connection with the <br />Project. <br /> <br />BE IT FINALLY RESOLVED, that the Council hereby grants final approval for the <br />expenditure of up to 4.5 million in tax increment funds loaned to the City by the EDA to finance <br />the City's costs in connection with the Project. <br /> <br />Adopted by the City Council of the City of Mounds View, Minnesota this 12th day of <br />May, 1997. <br /> <br />ATTEST: <br /> <br /> <br />Cflir (,j <br /> <br />Chuck Whiting, jty C erk-Administrator <br /> <br /> <br />RCL122523 <br />MU205-4 <br /> <br />2 <br />