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<br /> <br /> RESOLUTION NO. 02-EDA-160 <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION AUTHORIZING PAYMENT OF PAY-AS -YOU-GO DEVELOPMENT <br />PAYMENTS TO THE EVEREST GROUP AND HEARTLAND MOUNDS VIEW <br />COMMON BOND <br /> <br />It is hereby resolved by the Board of Commissioners (the “Board”) of the Mounds <br />View Economic Development Authority (the “Authority”) as follows: <br /> <br />WHEREAS, the EDA has entered into pay-as-you-go development agreements <br />on five properties with the developers of those properties; and, <br /> <br />WHEREAS, first half payments for these agreements are due on February 1st; <br />and, <br /> <br />WHEREAS, questions regarding calculations on past payments have been <br />found for three of the agreements; and, <br /> <br />WHEREAS, recalculations of the past payments are complete; and, <br /> <br />WHEREAS, payment of $24,311.35 to The Everest Group for the Building N <br />Project is now appropriate; and, <br /> <br />WHEREAS, payment of $19,980.12 to Heartland-Mounds View Common Bond <br />for the Silver Lake Pointe Project is now appropriate. <br /> <br /> NOW THEREFORE BE IT RESOLVED, that the Mounds View Economic <br />Development Authority, that payments of $24,311.35 to The Everest Group and <br />$19,980.12 to Heartland-Mounds View Common Bond under pay-as-you-go <br />development agreements may now be made and subsequently included on the <br />February 25, 2002 Just and Correct Claims List. <br /> <br />Adopted by the Board of Commissioners of the Mounds View Economic <br />Development Authority this 11th day of February 2002. <br /> <br /> <br />___________________________ <br />Rich Sonterre, President <br /> <br />ATTEST: <br />____________________________ <br />Kathleen Miller, Executive Director <br /> <br />Motion: <br />Second: <br />Sonterre: <br />Stigney: <br />Quick: <br />Marty: <br />Thomas: