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MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION 13-EDA-279 <br /> MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br /> RESOLUTION AUTHORIZING EXECUTION OF A <br /> FIRST AMENDMENT TO PURCHASE AGREEMENT <br /> WHEREAS, Goff Holdings, LLC, a Minnesota limited liability company ("Seller") is an <br /> owner of real estate located at 2400 County Road H2, Mounds View, Ramsey County, Minnesota, <br /> and which is legally described in the Agreement as hereinafter define(the"Property"); and <br /> WHEREAS, the Mounds View Economic Development Authority, a public body <br /> corporate and politic(the`EDA")desires to purchase the Property from the Seller; and <br /> WHEREAS, the EDA has followed applicable statutory provisions and the EDA finds that <br /> the purchase of the Property will fulfill the objectives,goals and mission of the EDA; and <br /> WHEREAS, the EDA and the Seller have entered into a purchase agreement (the <br /> "Agreement") providing for the terms of the conveyance of the Property from Seller to the EDA, <br /> with such Agreement being as set forth in Exhibit A of the EDA's Resolution 13-EDA-277 adopted <br /> on May 13, 2013, authorizing approval of the Agreement, with the Agreement and Resolution 13- <br /> EDA-277 being incorporated into and made a part of this Resolution as if fully set forth herein; and <br /> WHEREAS, the EDA and the Seller have indicated a willingness to amend the terms of <br /> the Agreement pursuant to a First Amendment to the Agreement (the "First Amendment"), <br /> which is attached hereto as Exhibit A and incorporated herein by reference, with such First <br /> Amendment amending the date for closing on the sale of the Property pursuant to the <br /> Agreement; and <br /> WHEREAS, the EDA has reviewed the First Amendment and finds that the execution <br /> thereof by the EDA and performance of the EDA's obligations thereunder are in the best interest of <br /> the EDA,the City and its residents. <br /> NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF <br /> THE MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY,AS FOLLOWS: <br /> 1. The recitals set forth in this Resolution are incorporated into and made a part of this <br /> Resolution. <br /> 2. The EDA approves the First Amendment in substantially the form presented to the <br /> Commission on this date, subject to modifications that do not materially alter the EDA's rights and <br /> 1 <br /> 427894v1 SJR MU2I0-208 <br />