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1.07. The EDA has reviewed the Contract and has determined that execution of the <br /> • Contract and the EDA's performance of its obligations thereunder are in the best interests of the <br /> City and are consistent with the goals and objectives of the Project Plan and TIF Plan. <br /> NOW,THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Mounds <br /> View Economic Development Authority as follows: <br /> 1. The Contract, as presented to the EDA, is hereby in all respects approved, subject <br /> to any modifications approved by the EDA. <br /> 2. The EDA President and Executive Director are hereby authorized to execute the <br /> Contract and related documents on behalf of the EDA and to carry out the EDA's obligations <br /> thereunder. <br /> Adopted by the Board of Commissioners of the Mounds View Economic Development <br /> Authority this day of , 1997. <br /> Duane McCarty, President <br /> ATTEST: <br /> • <br /> Catherine Bennett, Executive Director <br /> • <br /> RCL124203 <br /> MU205-4 <br />