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0 <br /> RESOLUTION NO. 94-EDA13 <br /> PAGE TWO OF TWO <br /> 2. The Board hereby determines that the Authority's execution and performance of <br /> the Development Agreement would be in furtherance of the Project Plan and hereby approves <br /> the Development Agreement substantially in the form presented to the Board and hereby <br /> authorizes the officers of the Authority in their discretion and at such time, if any, as they may <br /> deem appropriate to execute the same on behalf of the Authority, with such additions and <br /> modifications as those officers may deem desirable or necessary, as evidenced by their <br /> execution thereof. <br /> 3. Upon execution and delivery of the Development Agreement, the officers and ' <br /> employees of the Authority'(including members of the City staff, acting in their capacity as <br /> staff to the Authority as well) are hereby authorized and directed to take or cause to be taken <br /> such actions as may be appropriate or necessary on behalf of the Authority to implement the <br /> Development Agreement, including without limitation- issuance of the EDA Note and <br /> execution of the Certificate of Completion under the Development Agreement. <br /> - <br /> 4. The Board hereby determines that the execution and performance of the <br /> Development Agreement will help realize the public purposes of the Act and are in furtherance io <br /> of the Project Plan. <br /> 5. Approval of the Development Agreement is contingent upon a satisfactory <br /> resolution of the wetland delineation issue with Rice Creek Watershed District. <br /> Adoption by the Board of Commissioners of the Mounds View Economic Development <br /> Authority on August 8, 1994. <br /> ATTEST: <br /> President <br /> (SEAL) <br /> Executive Director 0 <br />