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Bonds. 3. This Agreement shall become effective upon the actual issuance and delivery of the <br /> • <br /> IN WITNESS WHEREOF, the City and the EDA have caused this Agreement to be duly <br /> approved and executed as of the day and year first above written. <br /> CITY OF ELK RIVER, MINNESOTA <br /> By <br /> Its Mayor <br /> By <br /> Its City Administrator <br /> ELK RIVER ECONOMIC DEVELOPMENT <br /> AUTHORITY <br /> By <br /> Its President <br /> • By <br /> Its Secretary <br /> • <br /> 1217682.1 <br />