HomeMy WebLinkAboutResolution 02-EDA160
RESOLUTION NO. 02-EDA-160
.
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION AUTHORIZING PAYMENT OF PAY-AS-YOU-GO DEVELOPMENT PAYMENTS
TO THE EVEREST GROUP AND HEARTLAND MOUNDS VIEW COMMON BOND
It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds View
Economic Development Authority (the "Authority") as follows:
WHEREAS, the EDA has entered into pay-as-you-go development agreements on five
properties with the developers of those properties; and,
WHEREAS, first half payments for these agreements are due on February 1 st; and,
WHEREAS, questions regarding calculations on past payments have been found for three of
the agreements; and,
WHEREAS, recalculations of the past payments are complete; and,
WHEREAS, payment of $24,311.35 to The Everest Group for the Building N Project is now
appropriate; and,
WHEREAS, payment of $6,395.10 to Heartland-Mounds View Common Bond for the Silver
Lake Pointe Project is now appropriate.
. NOW THEREFORE BE IT RESOLVED, that the Mounds View Economic Development
Authority, that payments of $24,311.35 to The Everest Group and $6,395.10 to Heartland-Mounds
View Common Bond under pay-as-you-go development agreements may now be made and
subsequently included on the February 25, 2002 Just and Correct Claims List.
Adopted by the Board of Commissioners of the Mounds View Economic Development Authority
this 11 th day of February 2002.
~~
Rich Sonter ,President
ATTEST:
(SEAL)
Motion:
Second:
.Quick
Stiqnev
Sonterre:
.tigney:
uick:
Marty:
Thomas:
Aye
p.,ye
Aye
Absent
Aye