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2.03. The Board further finds that the Plans are intended and, in the judgment of this • <br /> Board, their effect will be, to promote the public purposes and accomplish the objectives <br /> specified in the Development Program for Development Project No. 1. <br /> Section 3. Approval and Adoption of the Plans. <br /> 3.01. The Plans, as presented to the Board on this date, including all findings and <br /> statements therein, are hereby approved, established, and adopted. <br /> Adopted by the Board of Commissioners of the Elk River Economic Development <br /> Authority on April 8, 2002. <br /> Commissioner moved the adoption of the foregoing resolution, <br /> which motion was duly seconded by Commissioner , and upon <br /> vote being taken thereon, the following voted in favor thereof: <br /> and the following voted against the same: <br /> • <br /> • <br /> 1382791v1 2 <br />