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of the City, the City's obligations thereunder. In the event of absence or disability of the officers, <br />any of the Documents authorized by this Resolution to be executed may be executed without <br />further act or authorization of the Council by any duly designated acting official, or by such other <br />officer or officers of the City as, in the opinion of the City Attorney, may act in their behalf. In <br />accordance with Section 116J.994, Subd. 3(d) of the Business Subsidy Act, the City further approves <br />a Loan Agreement between the Economic Development Authority of the City of Elk River (the <br />"EDA") and the Developer and consents to the EDA entering into the Loan Agreement and related <br />documents with the Developer. <br />6. Finalizing Documents. The approval hereby given to the Documents includes <br />approval of such additional details therein as may be necessary and appropriate and such <br />modifications thereof, deletions therefrom and additions thereto as may be necessary and <br />appropriate and approved by legal counsel to the City and by the officers authorized herein to <br />execute said Documents prior to their execution; and said officers are hereby authorized to approve <br />said changes on behalf of the City. The execution of any instrument by the appropriate officers of <br />the City herein authorized shall be conclusive evidence of the approval of such Document in <br />accordance with the terms hereof. <br />7. Conflicting Provisions. In the event of a conflict between the content of this resolution <br />and the Documents, the terms of the Documents shall prevail. <br />8. Effective Date. This resolution is effective upon execution in full of the Abatement <br />Agreement <br />Approved by the City Council of the City of Elk River this 20'" day of July, 2015. <br />� I <br />yox <br />ATTEST: <br />`-- <br />(C <br />City Clerk <br />464428v2 ELI 85-33 3 <br />