HomeMy WebLinkAboutResolution 04-EDA179
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RESOLUTION NO. 04-EDA-179
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION AUTHORIZING PAYMENT OF PAY-AS-YOU-GO DEVELOPMENT PAYMENTS TO
RED CENT MANAGEMENT, LLC; HEARTLAND-MOUNDS VIEW COMMON BOND; BRIDGES
LEASING COMPANY; AND KENMARK PARTNERSHIP,LLP.
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 six
properties with the developers of those properties; and,
WHEREAS, second half payments for Pay 2003 regarding four of these agreements were
due on February 1 st; and,
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WHEREAS, payment of $23,507.10 to Red Cent Management, LLC (The Everest Group),
for the Building N project is now appropriate; and,
WHEREAS, payment of $19,635.22 to Heartland-Mounds View Common Bond for the
Silver Lake Pointe project is now appropriate; and,
WHEREAS, payment of $27,423.00 to 21st Century Bank on behalf of Bridges Leasing
Company for the Midwest I.V. project is now appropriate; and,
WHEREAS, payment of $7,708.22 to Kenmark Partnership, LLP for the Zep Manufacturing
project is now appropriate.
NOW THEREFORE BE IT RESOLVED, that the Mounds View Economic Development
Authority, that payments of $23,507.10 to Red Cent Management, LLC, $19,635.22 to Heartland-
Mounds View Common Bond, $27,423.00 to 21st Century Bank on behalf of Bridges Leasing, and
$7,708.22 to Kenmark Partnership under pay-as-you-go development agreements may be made the
week of February 9th and subsequently included on the February 23,2004 Just and Correct Claims
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Adopted by the Board of Commissioners of the Mounds View Economic Development
Authority this 9th day of February 2004. ~
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Kurt Ulrich, Executive Director
ATTEST:
(seal)
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