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Resolution 8759 & 17-EDA-300 <br /> May 22, 2017 <br /> Page 2 <br /> NOW, THEREFORE, BE IT FURTHER RESOLVED, that the City Council of the <br /> City of Mounds View and the Board of the Mounds View Economic Development Authority do <br /> hereby approve the Option Agreement for the sale of the Property as substantially set forth in <br /> Exhibit B, subject to modifications approved by the City Attorney that do not materially alter the <br /> City's and the EDA's rights and obligations under the Option Agreement, and that are further <br /> approved by the City's Mayor and City Administrator and EDA's President and Executive <br /> Director, which approvals shall be conclusively evidenced by execution of the Option <br /> Agreement. <br /> NOW, THEREFORE, BE IT FURTHER RESOLVED, that City and EDA staff are <br /> hereby authorized to undertake any actions necessary to acquire an interest in the Property <br /> sufficient to allow the City and EDA to enter into the Option Agreement. <br /> NOW, THEREFORE, BE IT FINALLY RESOLVED, that the City Council of the <br /> City of Mounds View and the Board of the Mounds View Economic Development Authority <br /> hereby authorize City staff and City consultants to develop any necessary documents to <br /> effectuate such Option Agreement, and the Mayor and City Administrator and the President and <br /> Executive Director, respectively, are duly authorized to execute any further agreements which <br /> are necessary, in the opinion of the City Attorney, to carry out this transaction. <br /> Adopted this 22th day of May, 2017. <br /> CITY OF MOUNDS VIEW <br /> By: (l� it14/6" <br /> Carol A. Mueller, Mayor <br /> ATTEST: <br /> By: CY-eivoita--43 <br /> James Ericson, City Administrator <br /> (seal) <br /> MOUNDS VIEW ECONOMIC <br /> DEVELOPMENT AUTHORITY <br /> By: �� W/114/1 <br /> Carol A. Mueller, President <br /> ATTEST: <br /> By: Setd‘At_Q-L— <br /> es Ericson, Executive Director <br /> (seal) <br /> 2 <br /> 499209v6 MU205-47 <br />