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NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br />River, Minnesota, as follows: <br />1.01. The City Council hereby authorizes the conveyance of the Property to the EDA. <br />The proceeds of the conveyance of the Property by the EDA to the developer shall be <br />transferred by the EDA to the City, less any costs incurred by the EDA in the transaction. <br />1.02. That the Mayor and the City Clerk, and other City staff as necessary are hereby <br />authorized to execute the quit claim deed and any documents and certificates deemed <br />necessary to carry out the intentions of this resolution. <br />1.03. This resolution shall be effective as of the date hereof. <br />Passed and adopted this 6`' day of November 2023. <br />o ODiePayor <br />ATTEST: <br />21)hl /- yl- e� <br />'g <br />' • , k <br />�olenc, I�tchJe,r, �,pu�� c�•� uerk <br />i1tEAE1 Ir <br />N�4TURE <br />EL185-73-913102.v1 <br />