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Resolution 17-EDA-299 <br />Page 2 <br /> <br /> <br />NOW, THEREFORE, BE IT FURTHER RESOLVED, that the City of Mounds View <br />Economic Development Authority does hereby support the Project subject to final determination <br />by the City Council in its sole discretion of Project eligibility, statutory requirements, public <br />hearings and required reviews, public input, and without surrendering its legislative discretion. <br /> <br />NOW, THEREFORE, BE IT FURTHER RESOLVED, that the City of Mounds View <br />Economic Development Authority supports the creation of a Tax Increment Financing district for <br />the Project, including a 15-year TIF Note in an amount up to $546,401 in principal, to address a <br />funding gap for the Project. <br /> <br />NOW, THEREFORE, BE IT FINALLY RESOLVED, that the City of Mounds View <br />Economic Development Authority hereby authorizes City staff and City consultants to work on <br />Tax Increment Financing assistance for the Project upon receipt of a complete TIF application <br />from MWF Properties for the Project. <br /> <br /> <br />Adopted this 8th day of May, 2017 <br /> <br />______________________________ <br />Carol A. Mueller, EDA President <br /> <br />ATTEST: <br /> <br />______________________________ <br />James Ericson, EDA Executive Director <br /> <br /> <br />(seal) <br />