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for such purposes, and (2) to satisfy its obligations hereunder <br /> • from year to year from such eligible other revenues as the EDA <br /> may deem in its discretion to be appropriate, desirable or <br /> necessary, as may be permitted by law. <br /> 2 . An executed copy of this Agreement shall be filed with <br /> the County Auditor of Sherburne County, Minnesota, as required by <br /> Minnesota Statutes, Section 469 .178, Subdivision 2 . <br /> 3 . This Agreement shall become effective upon the actual <br /> issuance and delivery of the Bonds. <br /> IN WITNESS WHEREOF, the City and the EDA have caused this <br /> Agreement to be duly approved and executed as of the day and year <br /> first above written. <br /> CITY OF ELK RIVER, MINNESOTA <br /> By <br /> Its Mayor <br /> By <br /> (SEAL) Its City Administrator <br /> ELK RIVER ECONOMIC DEVELOPMENT <br /> • AUTHORITY <br /> By <br /> Its President <br /> By <br /> Its Secretary <br /> 1059219.1 <br />