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4. Amendment of Redevelopment Contract. A draft of an • <br /> Amendment of Redevelopment Contract (the "Contract") between the HRA and St. <br /> Anthony LaNel ("LaNel"), a Minnesota general partnership has been presented to <br /> this Board and is ordered placed on file in the office of the Executive Director. The <br /> Contract provides for the payment to LaNel of tax increment pursuant to the <br /> Interest Reduction Agreement. Upon approval by the City Council of the 1992 <br /> Amendments following a public hearing thereon, the Chairman and Secretary are <br /> hereby authorized and directed to execute and deliver the Contract on behalf of the <br /> HRA in substantially the form presented hereto with such changes and <br /> modifications as may be approved by the officers executing the Contract. The <br /> execution and delivery of the Contract by the Chairperson and Secretary shall be <br /> conclusive evidence of the approval of any changes and modifications to the <br /> Contract by such officers. <br /> Dated the day of April, 1992. <br /> President <br /> Attest: • <br /> Executive Director <br /> I <br />