Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />Extract of Minutes of Meeting <br />of the Board of Commissioners <br />of the Elk River Economic <br />Development Authority <br /> <br />Pursuant to due call and notice thereof a regular or special <br /> <br />meeting of the Board of Commissioners of the Elk River Economic <br /> <br />Development Authority was held at the Elk River City Hall on July <br /> <br />12, 1999, commencing at <br /> <br />P.M., C.T. <br /> <br />The following Commissioners were present: <br /> <br />and the following were absent: <br /> <br />*** <br /> <br />*** <br /> <br />*** <br /> <br />The following Resolution was presented by Commissioner <br /> <br />, who moved its adoption: <br /> <br />RESOLUTION NO. <br /> <br />RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION <br />OF A TAX INCREMENT PLEDGE AGREEMENT <br />RESPECTING PAYMENT OF A SPECIFIED PORTION <br />OF THE $5,725,000 GENERAL OBLIGATION <br />BONDS, SERIES 1999A <br />OF THE CITY OF ELK RIVER, MINNESOTA <br /> <br />WHEREAS, the City of Elk River, Minnesota (the "City"), has <br />awarded or is expected to award the sale of its $5,725,000 <br />General Obligation Bonds, Series 1999A, dated July 1, 1999 (the <br />"Bonds"), $630,000 of the principal amount of which are to <br />finance certain expenditures and public development costs <br />undertaken within Development District No. 1 which is now under <br />the governance and control of the Elk River Economic Development <br />Authority (the "EDA"). <br /> <br />NOW, THEREFORE, IT IS HEREBY RESOLVED by the Board of <br />Commissioners of the EDA as follows: <br /> <br />1059219.1 <br />