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06-25-2018
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06-25-2018
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Last modified
1/29/2025 9:15:42 AM
Creation date
8/6/2018 5:55:22 AM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
6/25/2018
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
6/25/2018
EDA Document Type
Council Packets
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4 <br />517969v2 JAE MU205-47 <br />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 /> <br />4. Miscellaneous. <br /> <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 /> <br />4.02. This resolution shall be effective upon full execution of the Agreement. <br /> <br />Adopted on the 11th day of June, 2018. <br /> <br /> <br /> <br />Carol A. Mueller, President <br /> <br />Attest: <br /> <br /> <br /> <br />Nyle Zikmund, Executive Director <br /> <br />(SEAL) <br />
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