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RESOLUTION NO. 8822 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION APPROVING CONSENT TO PARTNERSHIP CHANGE IN <br /> SILVER LAKE COMMONS PROJECT <br /> WHEREAS,the city of Mounds View("City")previously entered into a development agreement <br /> for real property located within the City, dated December 21St, 1998 (the "Agreement"); and <br /> WHEREAS, the parties to the Agreement subsequently entered into a First Amendment to the <br /> Agreement whereby the parties added an additional developer entity to the Agreement; and <br /> WHEREAS,such additional developer was known as the Mounds View Family Housing Limited <br /> Partnership,a Minnesota limited partnership(the"Partnership"),which consisted of the following general <br /> and limited partners: <br /> A. General Partner: MSP Housing—Minnesota, LLC <br /> B. General Partner: Milo S. Pinkerton, an individual; <br /> C. Limited Partner: MSP Housing—Minnesota, LLC <br /> D. Milo Pinkerton <br /> WHEREAS,the Partnership has changed its corporate structure,including changes to the roster of <br /> general and limited partners and relative partnership interests,such proposed changes to the structure result <br /> in the following roster of general and limited partners and respective interests: <br /> A. Limited Partner: Virgil Taus—(0.01); <br /> B. General Partner: MSP Housing—Minnesota, LLC (99.98); and <br /> C. General Partner: Milo Pinkerton (0.01). <br /> WHEREAS,the Partnership has requested that the City acknowledge and consent to the change in <br /> the Partnership's structure and reallocation of interest by signing the acknowledgement and consent <br /> attached hereto as Exhibit A. <br /> NOW,THEREFORE,BE IT RESOLVED,that the above-referenced recitals are incorporated <br /> herein to this Resolution. <br /> 506522v1 AMB MU210-17 <br />