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ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY COUNTY OF SHERBURNE STATE OF MINNESOTA RESOLUTION 09-01 RESOLUTION AUTHORIZING RECIEPT AND IMPLEMENTATION OF THE NEIGHBORHOOD STABILZATION PROGRAM (NSP) GRANT WHEREAS, on January 26, 2009 the Elk River Housing and Redevelopment Authority (the "Authority") authorized submittal of the Neighborhood Stabilization Program Grant (the "Grant") to the Minnesota Housing Finance Agency, a public body corporate and politic of the State of Minnesota, 400 Sibley Street, St. Paul, Minnesota 55101 (the "Agency"); and WHEREAS, on February 27, 2009, the Elk River Housing and Redevelopment Authority was awarded a Neighborhood Stabilization Program Grant by the Minnesota Housing Finance Agency, in a sum not to exceed $593,820, the terms and receipt of which will be evidenced by a Neighborhood Stabilization Program Grant Agreement between the Elk River Housing and Redevelopment Authority and the Agency (the "Grant Agreement"); NOW THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Elk River Housing and Redevelopment Authority that the following officer(s) are authorized to execute and deliver the Grant Agreement on behalf of the Elk River Housing and Redevelopment Authority, at anytime hereafter and without further action taken by or authority or discretion from the Elk River Housing and Redevelopment Authority: Stewart Wilson Housing and Redevelopment Authority Chair Catherine Mehelich Housing and Redevelopment Authority Executive Director BE IT FURTHER RESOLVED, that the authorized signer(s) named above are authorized and directed on behalf of the Elk River Housing and Redevelopment Authority , at any time and from time to time hereafter and without further action by or authority or direction from the Elk River Housing and Redevelopment Authority , to execute and deliver the Grant Agreement, and all such other further agreements, assignments, statements, instruments, certificates and documents and to do or cause to be done all such other and further acts and things as such officer(s) may determine to be necessary or advisable under or in connection with the Grant, and that the execution by such officer(s) of any such agreement, assignment, statement, instrument, certificate or document, or the doing of any such act or thing, shall be conclusive evidence of their determination in that respect; and BE IT FURTHER RESOLVED, that the Agency be and hereby is authorized to rely on the continuing force and effect of these Resolutions, until receipt by the Commissioner of the Agency at its principal office of notice in writing from the Elk River Housing and Redevelopment Authority of any amendments or alterations thereof. S:\EDA\HRA\Resolutions\2009\09-0] NSP grant award.DOC