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2.02. The Board further finds that the Loan Program is <br />intended and, in the judgment of the Board, its effect will be, <br />to promote the public purposes and accomplish the objectives <br />specified in the tax increment financing plans and the Project <br />Plan for the Mounds View Economic Development Project. <br />Section 3. Approval and Adoption of the Loan Program. <br />3.01. The Loan Program, as presented to the Board on this <br />date, is hereby approved, established, and adopted. <br />Adopted by the Board of Commissioners of the Mounds View <br />Economic Development Authority on i 1995 • <br />Commissioner moved the adoption of the <br />foregoing resolution, which motion was duly seconded by <br />Commissioner , and upon vote being taken <br />thereon, the following voted in favor thereof: <br />and the following voted against the same: <br />288371.1 <br />