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EDA Item 7A - April 13, 2009 <br />MoundsVista Amendment <br /> <br />Recommendation <br /> <br />Staff recommends that the EDA consider approving the attached Resolution (09-EDA- <br />252) Approving the First Amendment to Development Assistance Agreement Between <br />Mounds View Economic Development Authority and MoundsVista, Inc. This revision <br />would allow for the sale of the hotel and the continuation of semi-annual payments to the <br />bondholders. <br /> <br />Respectfully submitted, <br /> <br /> ____________________________ <br />Heidi Steinmetz, <br />Economic Development Specialist <br /> <br />Attachments <br /> <br />• Letter from MoundsVista, Inc.’s Attorney Robert Hajek, dated March 20, 2009 <br />• Proposed Amendment to Section 4.1 of the 2001 Development Assistance Agreement <br />• Resolution 09-EDA-252 <br /> <br /> <br />