RES 13-02 • EXTRACT OF MINUTES OF MEETING OF THE
BOARD OF COMMISSIONERS OF THE ELK RIVER ECONOMIC
DEVELOPMENT AUTHORITY,SHERBURNE COUNTY,MINNESOTA
Pursuant to due call and notice thereof, a regular meeting of the Board of Commissioners of
the Elk River Economic Development Authority,Minnesota,was duly held in the City Hall in the City
of Elk River,on March 11,2013,commencing at 5:30 p.m.
The following members were present: President Tveite, Members Burandt, Dwyer, Motin,
Provo,Westgaard and Wilson
and the following were absent: None
Member Dwyer introduced the following resolution and moved its adoption:
RESOLUTION NO. 13-02
A RESOLUTION AUTHORIZING EXECUTION OF A PURCHASE AGREEMENT
• WHEREAS,the Economic Development Authority of the City of Elk River,Minnesota(the
"Authority") has caused to be prepared a Purchase Agreement(the "Purchase Agreement");between
the Authority and Provo Enterprises,LLC,a Minnesota limited liability company(the"Developer")
under Minnesota Statutes,Section 469.105.
NOW,THEREFORE,BE IT RESOLVED by the Economic Development Authority of Elk River as
follows:
Section. The Board of Commissioners hereby determines that the sale is advisable and approves
the Purchase Agreement in substantially the form submitted,and the President,Vice President and
Executive Director are hereby authorized and directed to execute the Purchase Agreement on behalf of
the Authority;and
Section 2. The decision to sell the property is placed on the records of the Authority as of the date
hereof.
The motion for adoption of the foregoing resolution was duly seconded by member Motin and,
after full discussion thereof,and upon a vote being taken thereof,the following voted in favor thereof:
President Tveite,Members Burandt,Dwyer,Motin,Westgaard. Member Provo abstained.
and the following voted against same: None
•
Whereupon the resolution was declared duly passed and adopted.
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Passed and adopted by the Elk River Economic Development Authority this 11th day of March,2013.
Al'1'EST: Dan Tveite,President
eSuzer,Executive Director
•
•
STATE OF MINNESOTA
COUNTY OF SHERBURNE
ECONOMIC DEVELOPMENT AUTHORITY
OF THE CITY OF ELK RIVER
I,the undersigned,being the duly q alified and acting Executive Director of the Economic
Development Authority of the City of Elk River,Minnesota,DO HEREBY CERTIFY that I have
carefully compared the attached foregoing extract of minutes with the original minutes of a meeting of
the Board of Commissioners of the Economic Development Authority of the City of Elk River held on
the date therein indicated,which are on file and of record in my office and the same is a full,true and
complete transcript therefrom insorfar as the same relates to a Resolution Authorized the Execution of
a Purchase Agreement.
WITNESS my hand as such Executive Director of the Economic Development Authority of the City
of Elk River this 11th day of March,2013.
• OL
• Execu e Director
•