HomeMy WebLinkAboutResolution 05-EDA206
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RESOLUTION NO. 05-EDA-206
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION AUTHORIZING PAYMENT OF PAY-AS-YOU-GO DEVELOPER PAYMENTS TO
HEARTLAND-MOUNDS VIEW COMMON BOND AND BRIDGES LEASING COMPANY.
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 three
properties with the developers of those properties; and,
WHEREAS, first half payments for Pay 2005 regarding two of these agreements are due on
August 1 st; and,
WHEREAS, payment of $34,078.73 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.
NOW THEREFORE BE IT RESOLVED, that the Mounds View Economic Development
Authority does hereby approve payments of $34,078.73 to Heartland-Mounds View Common Bond,
and $27,423.00 to 21st Century Bank on behalf of Bridges Leasing under pay-as-you-go development
agreements.
Adopted by the Board of Commissioners of the Mounds View Economic Development
Authority this 25th day of July, 2005.
dL~
Roo Marty, President
ATTEST:
~'G~O
Kurt Ulrich, Executive Director
(s~al)