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RESOLUTION NO. 07-EDA-228 <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION AUTHORIZING PAYMENT OF APAY-AS-YOU-GO DEVELOPER PAYMENT TO <br />HEARTLAND-MOUNDS VIEW COMMON BOND . <br />It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds View <br />Economic Development Authority (the "Authority") as follows: <br />WHEREAS, the EDA has entered into pay-as-you-go development agreements on three <br />properties with the developers of those properties; and, <br />WHEREAS, second half payment for Pay 2006 regarding one of these agreements is due <br />on February 1st; and, <br />WHEREAS, payment of $20,373.34 to Heartland-Mounds View Common Bond for the <br />Silver Lake Pointe project is now appropriate. <br />NOW THEREFORE BE IT RESOLVED, that the Mounds View Economic Development <br />Authority does hereby approve payments of $20,373.34 to Heartland-Mounds View Common Bond. <br />Adopted by the Board of Commissioners of the Mounds w Economic Development <br />Authority this 22"d day of January, 2007. ~'' <br />Rob ~rty, President <br />ATTEST: C%! <br />Ku Ulrich, Executive Director <br />(seal) <br />