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EDA RESOLUTION 16-EDA-290 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION APPROVING A PRELIMINARY DEVELOPMENT AGREEMENT WITH <br /> THE BEARD GROUP BY THE CITY OF MOUNDS VIEW ECONOMIC <br /> DEVELOPMENT AUTHORITY <br /> WHEREAS, the City of Mounds View (the "City") through the Mounds View <br /> Economic Development Authority ("FDA") owns or controls certain land that comprises <br /> the Crossroad Pointe Redevelopment Project Area (the "Project"); and <br /> WHEREAS, The Beard Group (the "Developer") has requested that the City <br /> enter into a Preliminary Development Agreement with it in order to provide the <br /> Developer with certain rights and obligations to facilitate the redevelopment of the <br /> Project; and <br /> WHEREAS, the City found and determined that entering into a Preliminary <br /> Development Agreement with the Developer is in the public interest. <br /> NOW, THEREFORE, BE IT RESOLVED that the Mounds View Economic <br /> Development Authority ("EDA") of the City of Mounds View, Minnesota as follows: <br /> 1. The EDA approves the Preliminary Development Agreement, subject to <br /> modifications that do not alter the substance of the transaction and that are <br /> approved by the City Attorney, provided that execution of the Preliminary <br /> Development Agreement shall be conclusive evidence of approval. <br /> 2. City staff and officials are authorized to take all actions necessary to perform <br /> the City's obligations under the Preliminary Development Agreement as a <br /> whole. <br /> 3. That the Preliminary Development Agreement, contained in Exhibit A of this <br /> resolution are hereby approved, ratified, established, amended, and adopted <br /> and shall be placed on file at City Hall. <br /> Adopted this 25th day of January, 2016. <br /> oe F : P - 'dent <br /> ATTEST: <br /> 7-1/1YLLAJames Ericson,Ericson, Executive Director <br /> (seal) <br /> 474153v3 MU205-46 <br />