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18-EDA-312
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18-EDA-312
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Last modified
8/10/2022 11:24:19 AM
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7/25/2018 4:02:03 PM
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MV EDA
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Resolutions
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maintain a separate and special "Bond Fund" to be used for no purpose other than the <br />payment of the principal of the TIF Note. The Authority irrevocably agrees to <br />appropriate to the Bond Fund in each year Available Tax Increment, subject to the terms <br />of the Agreement. Any Available Tax Increment remaining in the Bond Fund shall be <br />transferred to the Authority's account for the TIF District upon the payment of all <br />principal to be paid with respect to the TIF Note. <br />4. Miscellaneous. <br />4.01. The officers of the Authority are hereby authorized and directed to prepare and furnish to <br />the Developer certified copies of all proceedings and records of the Authority, and such <br />other affidavits, certificates, and information as may be required to show the facts <br />relating to the legality and marketability of the TIF Note as the same appear from the <br />books and records under their custody and control or as otherwise known to them, and all <br />such certified copies, certificates, and affidavits, including any heretofore furnished, shall <br />be deemed representations of the Authority as to the facts recited therein. <br />4.02. This resolution shall be effective upon full execution of the Agreement. <br />Adopted on the 25' day of June, 2018. <br />a4- <br />Carol A. Mueller, President <br />Attest: <br />NV{le7/1lGn:y , Executive Director <br />(SEA -1) <br />517969v2 JAE MU205-47 <br />
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