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DOCSOPEN\MU205\52\713362.v1-4/7/21 <br />EDA RESOLUTION 21-EDA-341 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING A PRELIMINARY DEVELOPMENT AGREEMENT <br />WITH MWF PROPERTIES, LLC BY THE MOUNDS VIEW ECONOMIC <br />DEVELOPMENT AUTHORITY <br /> <br /> WHEREAS, the Mounds View Economic Development Authority (“EDA”) owns or <br />controls certain land that comprises a portion of the Skyline Redevelopment Project Area <br />(the ”Project”); and <br /> <br /> WHEREAS, MWF Properties, LLC, a Minnesota limited liability company (the <br />“Developer”) has requested that the EDA enter into a Preliminary Development Agreement <br />with it in order to provide the Developer with certain rights and obligations to facilitate the <br />redevelopment of the Project; and <br /> <br /> WHEREAS, the EDA found and determined that entering into a Preliminary <br />Development Agreement with the Developer is in the public interest. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Mounds View Economic <br />Development Authority (“EDA”) of the City of Mounds View, Minnesota as follows: <br /> <br />1. That the above-referenced recitals are incorporated into this Resolution. <br />2. The EDA approves the Preliminary Development Agreement, subject to <br />modifications that do not alter the substance of the transaction and that are <br />approved by the EDA Attorney, provided that execution of the Preliminary <br />Development Agreement shall be conclusive evidence of approval. <br />3. EDA staff and officials are authorized to take all actions necessary to perform the <br />EDA’s obligations under the Preliminary Development Agreement as a whole. <br />4. That the Preliminary Development Agreement, contained in Exhibit A of this <br />resolution is hereby approved, ratified, established, amended, and adopted and <br />shall be placed on file at City Hall. <br /> <br /> Adopted this 12th day of April, 2021. <br /> <br /> <br /> ________________________________ <br /> Carol A. Mueller, President <br />ATTEST: <br /> <br /> ________________________________ <br /> Nyle Zikmund, Executive Director <br />(seal)