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2 . The Board hereby determines that the Authority's execution <br /> and performance of the Development Agreement would be in <br /> furtherance of the Project Plan and hereby approves the Development <br /> Agreement substantially in the form presented to the Board and <br /> hereby authorizes the officers of the Authority in their discretion <br /> and at such time, if any, as they may deem appropriate to execute <br /> the same on behalf of the Authority, with such additions and <br /> modifications as those officers may deem desirable or necessary, as <br /> evidenced by their execution thereof. <br /> 3 . Upon execution and delivery of the Development Agreement, <br /> the officers and employees of the Authority (including members of <br /> the City staff, acting in their capacity as staff to the Authority <br /> as well) are hereby authorized and directed to take or cause to be <br /> taken such actions as may be appropriate or necessary on behalf of <br /> the Authority to implement the Development Agreement, including <br /> without limitation issuance of the EDA Note and execution of the <br /> Certificate of Completion under the Development Agreement. <br /> 4 . The Board hereby determines that the execution and <br /> performance of the Development Agreement Will help realize the <br /> public purposes of the Act and are in furtherance of the Project <br /> Plan. <br /> Adopted by the Board of Commissioners of the Mounds View <br /> Economic Development Authority on , 1997. <br /> 334455.RED <br /> vt to of 9/10/98 2 <br /> !C1!-C 7t 17C! I ricc 'nj/fr .On 'To /n7'g0 OR ` 'Pnt,7J1 kiln-k7Hier ro 7nnnrc* /AMU7 <br />