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<br /> . CITY OF ARDEN HILLS ECONOMIC DEVELOPMENT AUTHORITY <br /> RAMSEY COUNTY <br /> STATE OF MINNESOTA <br /> RESOLUTION NO. EDA-98-01 <br /> RESOLUTION AUTHORIZING EXECUTION OF <br /> A TAX INCREMENT PLEDGE AGREEMENT <br /> WITH THE CITY OF ARDEN HILLS <br /> RELATING TO S3,100,000 GENERAL OBLIGATION TAX INCREMENT BONDS, <br /> SERIES 1998A <br /> BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE ECONOMIC <br /> DEVELOPMENT AUTHORITY OF THE CITY OF ARDEN HILLS, MINNESOTA as <br /> follows: <br /> I. The President and Secretary/Treasurer of the Authority are hereby authorized to <br /> execute and deliver a Tax Increment Pledge Agreement with the City of Arden <br /> Hills, Minnesota (the "City") substantially in the form on file with the City, <br /> . providing for the pledge of tax increment for the payment of the principal of, <br /> premium, if any, and interest on, the City of Arden Hills, Minnesota $3, I 00,000 <br /> General Obligation Tax Increment Bonds, Series 1998A. <br /> 2. This resolution shall be effective as of the date hereof. <br /> PASSED AND ADOPTED BY THE ECONOMIC DEVELOPMENT AUTHORITY OF <br /> THE CITY OF ARDEN HILLS THIS 17TH DAY OF FEBRUARY, 1998. <br /> DENNIS PROBST, PRESIDENT <br /> ATTEST: <br /> BRIAN FRlTSINGER, SECRETARY/TREASURER <br /> . <br />