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2.02 Upon execution of the contract, the officers and employees of the <br />Authority (including members of the City Staff, acting in their capacity as staff to the <br />Authority as well) are hereby authorized and directed to take or cause to be taken such <br />actions as may be appropriate or necessary on behalf of the Authority to implement the <br />Contract, including the demolition and site restoration of the Property, which is being <br />accomplished for blight elimination and redevelopment purposes. <br />2.03 That the Board of the Authority hereby determines that the execution and <br />performance of the Contract with Kevitt Excavating and demolition of the Property and <br />site restoration will help realize the public purposes of the Act and are in furtherance of <br />the Project Plan and authorizes the President and Executive Director to appropriate a <br />maximum of $27,400 plus asbestos abatement costs to be determined, of tax increment <br />funds. <br />Adopted by the Board of Commissioners of the Mounds View Economic <br />Development Authority this 24th day of July 2006. <br />ATTEST: <br />Kurt Ulrich, Executive Director <br />Rob Marty, President <br />