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EXHIBIT C <br /> RESOLUTION NO. 98-EDA-87 <br /> MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION APPROVING EXPENDITURE OF TAX INCREMENT FUNDS FOR APPRAISAL OF <br /> 6991 PLEASANT VIEW DRIVE FOR CONSIDERATION OF PURCHASE BY THE EDA <br /> It is hereby resolved by the Board of Commissioners(the"Board") of the Mounds View Economic <br /> Development Authority(the"Authority")as follows: <br /> Section 1. Recitals. <br /> 1.10 The Authority has the powers provided in Minnesota Statutes, Sections 469.124 to <br /> 469.134 and 469.090 to 469.108(collectively, the"Act"). <br /> 1.02 Pursuant to and in furtherance of the objectives of the Act,the Authority has <br /> undertaken a program to promote development and redevelopment of certain land within the City of <br /> Mounds View and in this connection is engaged in carrying out the Mounds View Economic <br /> Development Project(the"Project")within the City. <br /> 1.03 There has been approve pursuant to the Act a Project Plan for the Project. <br /> 1.04 The redevelopment and development of property within the Project by private <br /> developers are stated objectives of the Project Plan. <br /> 1.05 In order to achieve the objectives of the Project Plan,the Authority has determined to <br /> provide substantial aid and assistance through the financing of certain of the public costs of <br /> development. <br /> 1.06 The Authority desires to evaluate the acquisition of 6991 Pleasant View Drive for the <br /> redevelopment of the property as outlined in the Housing Replacement Program and it is deemed <br /> necessary the expenditure of a maximum of$400 of tax increment funds for an appraisal of this <br /> property to accurately negotiate a purchase price. <br /> Section 2. Resolved. <br /> 2.01 The Board hereby determines that the Authority's authorization of Tax Increment <br /> Funds for an appraisal would be a furtherance in the objectives of the project plan an will help realize <br /> the public purpose of the Act. <br /> Adopted by the Board of Commissioners of the Mounds View Economic Development Authority this <br /> 13th day of April, 1998. <br /> Duane McCarty, President <br /> A Et EST: <br /> Charles S. Whiting,Executive Director <br />