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EDA Resolution No. 18 -EDA -318 <br />Page 2 <br />NOW THEREFORE, BE IT RESOLVED by the Mounds View Economic Development <br />Authority as follows: <br />The recitals set forth in the preamble to this Resolution are incorporated into this <br />Resolution as if fully set forth herein. <br />2. The EDA hereby approves the Assignment and Amendment in substantially the form <br />presented to the EDA on this date, including the purchase and acquisition of the <br />Property by the EDA, subject to modifications that do not alter the substance of the <br />transaction and that are approved by the EDA's attorney. <br />The President and Executive Director of the EDA are hereby authorized and directed to <br />execute the Assignment and Amendment for and on behalf of the EDA. The President, <br />Executive Director, staff and consultants of the EDA are hereby further authorized to <br />perform the EDA's obligations under the Assignment and Amendment, and to draft, <br />execute, and deliver any and all documents deemed necessary or convenient to carry out <br />the intentions of this Resolution, including the acquisition of real property contemplated <br />herein. <br />Adopted on the 27th day of December, 2018. <br />Carol A. Mueller, PresMent <br />Attest: <br />Nyl ilan d, Executive Director <br />(SEAL) <br />