Laserfiche WebLink
RESOLUTION NO. <br /> A RESOLUTION APPROVING AND AUTHORIZING <br /> THE EXECUTION OF A DEVELOPMENT ASSISTANCE <br /> AGREEMENT WITH THE EVEREST aReup M/CRAEL INVE$TMEN'rs, <br /> LTD. , <br /> REGARDING THE BUILDING "N" PROJECT <br /> It is hereby resolved by the Board of Commissioners (the <br /> "Board") of the Mounds View Economic Development Authority (the <br /> "Authority") as follows: <br /> 1. Recitals. <br /> (a) The Authority has the powers provided in Minnesota <br /> Statutes, Sections 469.124 to 469.134 and 469.090 to 469.108 <br /> (collectively, the "Act") . <br /> (b) Pursuant to and in furtherance of the objectives of <br /> the Act, the Authority has undertaken a program to promote <br /> development and redevelopment of certain land within the City <br /> of Mounds View and in this connection is engaged in carrying <br /> out the Mounds View Economic Development Project (the <br /> "Project") within the City. <br /> (c) There has been approved pursuant to the Act a Project <br /> Plan for the Project. <br /> (d) The redevelopment and development of property within <br /> - the Project by private developers are stated objectives of the <br /> Project Plan. <br /> (e) In order to achieve the objectives of the Project <br /> Plan, the Authority has determined to provide substantial aid <br /> and assistance through the financing of certain of the public <br /> costs of development.�. <br /> (f) TIS= av ol. 0 t. G�ot,p Michael Investments, Ltd. (the <br /> "Developer") , has presented the Authority with a proposal for <br /> the completion of certain improvements within the Project, <br /> consisting generally of the construction of an approximately <br /> 103, 000 square foot building, and a certain Development <br /> Assistance Agreement between the Authority and the Developer <br /> (the "Development Agreement") stating the terms and conditions <br /> thereof and the Authority's responsibilities respecting the <br /> assistance thereof has been presented to the Board for its <br /> consideration. <br /> 3344S5.Rffi <br /> v5 to v4 9/10/98 1 <br /> /r,p + 'Tt i-!ni Tn n r+ 'p !!n ,^p Tri /0t ,op no ! t ,nn /TTT+t. a1T TF'TTT <br /> nTli 'YI MPP T77n WAIT 7 <br />