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<br /> 14 <br /> <br />Section 3. Nothing contained in this agreement shall in any way <br />obligate either party to proceed with the redevelopment of the Property or <br />otherwise enter into a Development Agreement. <br /> <br /> <br />IN WITNESS WHEREOF, the parties have executed this Agreement <br />as of the day and year first above written. <br /> <br /> <br /> <br /> <br />MOUNDS VIEW ECONOMIC <br />DEVELOPMENT AUTHORITY <br /> <br /> <br />BY: <br /> <br />______________ <br />ITS PRESIDENT <br /> <br /> <br />BY: <br /> <br />______________ <br />ITS EXECUTIVE DIRECTOR <br /> <br /> <br /> <br />STATE OF MINNESOTA ) <br />) SS <br />COUNTY OF ) <br /> <br />The foregoing instrument was acknowledged before me on this <br />day of ______ , 200_, by ___________ and ___________, the <br />President and Executive Director respectively of the Mounds View Economic <br />Development Authority named in the foregoing instrument. <br /> <br /> <br /> <br /> <br /> <br />Notary Public <br /> <br />M.V. Tax Rebate Policy 9.22.03 Final <br />