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EDA RESOLUTION NO. 99-EDA-116 <br /> PAGE TWO OF TWO <br /> 2. The Board hereby determines that the Authority's execution of the Agreement and <br /> subsequent sale and redevelopment of the Property would be in furtherance of the Project Plan <br /> and hereby approves and authorizes said actions, including the execution of the Agreement by the <br /> officers of the Authority in their discretion and at such time, if any, as they may deem appropriate. <br /> 3. Upon execution and delivery of the Agreement, the officers and employees of the <br /> Authority(including members of the City staff, acting in their capacity as staff to the Authority as <br /> well) are hereby authorized and directed to take or cause to be taken such actions as may be <br /> appropriate or necessary on behalf of the Authority to implement the Agreement, including the <br /> sale and redevelopment of the Property, per the provisions set forth in the Agreement. <br /> 4. The Board hereby determines that the execution and performance of the <br /> Agreement will help realize the public purpose of the Act and are in furtherance of the Project <br /> Plan. <br /> Adopted by the Board of Commissioners of the Mounds View Economic Development <br /> Authority on August 9, 1999. <br /> BY: <br /> Dan Coughlin, President <br /> ATTEST: <br /> Charles S. Whiting, Executive Director <br />