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<br /> 14 <br /> Section 3. Nothing contained in this agreement shall in any way obligate either party to proceed with the redevelopment of the Property or otherwise enter into a Development Agreement. IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written. MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY BY: Dan Coughlin Jerry Linke ITS PRESIDENT BY: Kathleen Miller Kurt Ulrich ITS EXECUTIVE DIRECTOR STATE OF MINNESOTA ) ) SS COUNTY OF ) The foregoing instrument was acknowledged before me on this day of ______ , 20003, by Dan Coughlin and Kathleen Miller Jerry Linke and Kurt Ulrich, the President and Executive Director respectively of the Mounds View Economic Development Authority named in the foregoing instrument. Notary Public <br />Item 06A M.V. Tax Rebate Policy 7.18.03 Draft.doc